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Management Control Systems in Pharmaceutical Industry

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Introduction:
Management control is the process through which managers use their power to influence other members of the organization to implement strategies, to realize goals and objectives and, on the other hand, it integrates facts on long, medium and short terms, having well determined implications in human factors, objectives and assignments. This is an important definition because: it recognizes that accounting is a process: that process is concerned with capturing business events, recording their financial effect, summarizing and reporting the result of those effects, and interpreting those results; it is concerned with economic information: while this is predominantly financial, it also allows for non-financial information; its purpose is to support informed judgments and decisions: this emphasizes the decision usefulness of accounting information and the broad spectrum of users of that information.
A management control systems (MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organization as a whole considering the organizational strategies. Finally, MCS influences the behavior of organizational resources to implement organizational strategies. MCS might be formal or informal.
Objectives of the Study:
1. To study the key elements in the management control system
2. To study the flow of a management control system
3. To observe the role of management contol system when there is a change in environment
4. To study that how effective management control system enhances the efficieny of an industry
5. To know about working of a management control system in a pharmaceutical company
6. To know that how effective MCS proves as a competitive advantage

Number of Pages of Project Report: 81
Package Includes: Synopsis/Project Proposal + Project Report
Project Format: Document (.doc)

Table of Contents of Project Report:
Chapter 1: Introduction
1.1 Introduction about the Topic
1.2 Scope of the Project
1.3 Objective of the study

Chapter 2: Theoritical Prospective
2.1 Introduction about the Topic
2.2 Characteristics of Control System in an Organization
2.3 Functions of Management Control System
2.4 Definition and History
2.5 Need of Management Control System
2.6 Phases in Management Control System
2.7 Impact of Management Control on Strategy and Performances
2.8 Role of the Actors in the use of Management Control System
2.9 Importance of Management Control System in monitoring the Pharmaceutical industry
2.10 Management Control in Pharmaceutical Industry
2.11 Working of a Pharmaceutical Management
2.12 Pharmaceutical Management Flows

Chapter 3: Literature Review
Chapter 4: Research Methodology
Chapter 5: Data Analysis
Chapter 6: Limitations
Chapter 7: Recommendations
Chapter 8: Conclusion
Chapter 9: Annexure
9.1 Questionnaire
9.2 Bibliography
9.3 Statistical Figures


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