Strategic Management Control Systems



Olga Makarova, Can.Sc., MBA, Sr.Lecturer, Department of Strategic and International Management, Graduate School of Management, St.Petersburg University



45 contact hours


Management Accounting, Financial Accounting and Reporting

Course Description:

The main subject discussed in the course is how today's managers use both financial and non-financial controls to drive strategies of profitable growth in rapidly changing markets and being limited in resources. The course focuses on answering a question how to design an organization that executes strategy better than competitors.
Students will get an in-depth understanding of how to balance financial and nonfinancial measures, drive strategy down to operations, and manage and measure multiple control systems with the use of advanced cost control technics, budgeting and other controlling tools. Apart studying calculative approach to assets and resources evaluation & management, costing and performance measuring, the course puts an emphasis on management aspect of control system implementation, soft factors and human resources management need to be considered for improving divisional performance, introducing preventable internal controls, efficient decision making process, risk management and motivate innovation.

Course Content:

Topic 1. Linking strategies to operations. Control function of management.
Topic 2. Implementing strategy: Creating a system for Measurement and Control in production and services companies
Topic 3. Strategic planning and budgeting systems design
Topic 4. Strategic planning and budgeting systems: strategic profit performance
Topic 5. Strategic cost management
Topic 6. Management control for divisional costs and contribution.
Topic 7. Management control over cash flow and assets management
Topic 8. Achieving profit goals and strategies
Topic 9. Performance evaluation, motivation and incentives
Topic 10. Contemporary information environment for efficient MCS implementation

Course Organization:

Preparatory readings, lectures, in-class discussions, case studies, group work

Course Reading:

Core reading:

  • Performance Management & Control Systems for Implementing Strategy (Text and Cases), Robert Simons, Prentice Hall, 2013
  • Blocher, Stout, Cokins. Cost Management. A Strategic Emphasis. McGraw –Hill International edition, 2012

Supplementary reading:

  • Merchant & Van der Stede. Management Control Systems: Performance Measurement, Evaluation and Incentives, 3e, Prentice Hall, 2012

  • Macintosh, N. B. Quattrone, P. Management Accounting and Control Systems: An Organizational and Sociological Approach. Wiley, 2010

  • Antony R.N. and Govindarajan V. Management Control Systems, 2007

  • Wim A. Van der Stede Wiley Encyclopedia of Management. Budgeting and Management Control. Volume 1. Accounting, Wiley, 2015

Exam format:


Grading Policy:

Course progress – 50%, exam – 50 %.

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