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Integrating Performance and Risk in a Management Control System

Integrating Performance and Risk in a Management Control System
Author: Claudia Presti
Publisher:
Total Pages: 0
Release: 2021
Genre:
ISBN: 9783030870836

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This book presents a theoretical and empirical framework to interpret the possible configurations of the integration between performance management and risk management systems as part of management control systems. The book provides an overview of the development paths of these three systems, outlining the evolution and the current development of these disciplines, highlighting emerging issues and providing some original considerations. The author uses both an inductive and deductive approach in shaping the proposed framework, and includes the perspective of practitioners and academics on the topic. Based on a multiple case study in listed companies and a survey administered to small and medium enterprises, this book provides readers with valuable insights to adapt the proposed framework in different business contexts.


Integrating Performance Management and Enterprise Risk Management Systems

Integrating Performance Management and Enterprise Risk Management Systems
Author: Rosanna Spanó
Publisher: Emerald Group Publishing
Total Pages: 108
Release: 2022-04-18
Genre: Business & Economics
ISBN: 1801171513

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Integrating Performance Management and Enterprise Risk Management Systems offers a novel understanding of the multifaceted shades that surround the long called-for and yet not realised integration between performance management and enterprise risk management systems.


Integrating Performance and Risk in a Management Control System

Integrating Performance and Risk in a Management Control System
Author: Claudia Presti
Publisher: Springer Nature
Total Pages: 131
Release: 2021-11-15
Genre: Business & Economics
ISBN: 3030870820

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This book presents a theoretical and empirical framework to interpret the possible configurations of the integration between performance management and risk management systems as part of management control systems. The book provides an overview of the development paths of these three systems, outlining the evolution and the current development of these disciplines, highlighting emerging issues and providing some original considerations. The author uses both an inductive and deductive approach in shaping the proposed framework, and includes the perspective of practitioners and academics on the topic. Based on a multiple case study in listed companies and a survey administered to small and medium enterprises, this book provides readers with valuable insights to adapt the proposed framework in different business contexts.


Intelligent Internal Control and Risk Management

Intelligent Internal Control and Risk Management
Author: Matthew Leitch
Publisher: CRC Press
Total Pages: 271
Release: 2016-05-23
Genre: Business & Economics
ISBN: 131711485X

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Many people in organizations resent internal control and risk management; these two processes representing unwelcome tasks to be completed for the benefit of auditors and regulators. Over the last few years this perception has been heightened by the disastrous implementation of section 404 of the Sarbanes-Oxley Act of 2002, which is generally regarded as having been too expensive for the benefits it has brought. This important book offers a way of improving this prevailing perception and increasing the value of control and risk management by bringing creativity and design skills to the fore. The value of risk and control activities is often limited by the value of the control ideas available and so Matthew Leitch provides an arsenal of 60 high performance control mechanisms. These include several alternative ways to design controls and control systems, as well as providing controls for monitoring and audit, controls for accelerated learning, and techniques for finding and recovering cash. This design material is combined with insights into the psychology of risk control, strategies for encouraging helpful behaviour and enabling change, and a surprisingly simple integration of internal control with risk management. The book is realistic, practical, original, and easier reading than most in the field. The material is not specific to any one country and has international appeal for internal auditors and all those concerned with risk management, corporate governance and security.


Performance Management

Performance Management
Author: Gary Cokins
Publisher: John Wiley & Sons
Total Pages: 336
Release: 2009-03-17
Genre: Business & Economics
ISBN: 0470471190

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Praise for Praise for Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics "A highly accessible collection of essays on contemporary thinking in performance management. Readers will get excellent overviews on the Balanced Scorecard, strategy maps, incentives, management accounting, activity-based costing, customer lifetime value, and sustainable shareholder value creation." —Robert S. Kaplan, Harvard Business School; coauthor of The Balanced Scorecard: Translating Strategy into Action, The Execution Premium, and many other books "Gary Cokins demonstrates in this book that performance management is not a mysterious black art, but a structured, process-oriented discipline. If you want your performance management system to be a smoothly running analytical machine, read and apply the ideas in this book—it's all you need." —Thomas H. Davenport, President's Distinguished Professor of Information Technology and Management, Babson College; coauthor of Competing on Analytics: The New Science of Winning "Drawing on a deep reservoir of knowledge and experience gained from hundreds of customer engagements around the world, Gary Cokins offers an authoritative examination of the major dimensions of performance management. Cokins not only paints a rich and textured view of the major principles and concepts driving performance management implementations, he offers a nuanced look at the important subtleties that can spell the difference between success and failure. This is an informative and enjoyable text to read!" —Wayne Eckerson, Director of Research, The Data Warehouse Institute (TDWI); author of Performance Dashboards: Measuring, Monitoring, and Managing Your Business "[In this] very insightful book, the view of an integrated performance management framework with a goal to link various operational activities with business strategy is an excellent approach to manage and improve business. Gary's explanation of risk-based performance management, for providing the capability to achieve long-term objectives with reliably calculated risks, is definitely thought provoking." —Srini Pallia, Global Head and Vice President of Business Technology Services, Wipro Technologies, Bangalore, India "Gary Cokins is clearly one of the world's thought leaders in the area of performance management, and the need for integrated performance management, improvement and execution is clearly at a premium in these challenging economic times. This book is a must read for CEOs, CFOs, and management accountants around the globe seeking higher levels of sustainable business performance for their stakeholders." —Jeffrey C. Thomson, President and CEO, Institute of Management Accountants


Risk-Based Performance Management

Risk-Based Performance Management
Author: A. Smart
Publisher: Springer
Total Pages: 323
Release: 2013-10-31
Genre: Business & Economics
ISBN: 113736730X

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Pulling together into a single framework the two separate disciplines of strategy management and risk management, this book provides a practical guide for organizations to shape and execute sustainable strategies with full understanding of how much risk they are willing to accept in pursuit of strategic goals.


Risk management and management control systems

Risk management and management control systems
Author: Marina Stoll
Publisher: Anchor Academic Publishing
Total Pages: 29
Release: 2016-04-15
Genre: Business & Economics
ISBN: 3960675313

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The purpose of every for-profit organization is to earn profit, to secure its existence and to meet stakeholders' expectations, but every company is also confronted with certain risks. Some are easy to handle, others are existence-threatening. The accumulation of global economic crises, frauds, and financial scandals, but also terrorist attacks and failures in large computer systems, shows that businesses face greater challenges than before and verifies the importance of risk management. Hence, companies have to implement risk management systems and processes to identify, assess and treat risks. Many of these risks and problems are externally given, but some also result from the misconduct of a company's managers and employees. This leads to the need of systems that help to control employees and managers and ensure that they behave in the firm's sense. These systems are called management control systems. But what is more effective and efficient in supporting the company to reach its goals, risk management or management control systems? There is a research gap concerning this question. Thus, the resulting questions are as follows: What exactly is risk management? What exactly is a management control system? What are the similarities and differences? Is it possible to combine both to reach a kind of perfect control system for businesses? This book is intended to answer these questions.


Management Control and Uncertainty

Management Control and Uncertainty
Author: M. Association
Publisher: Springer
Total Pages: 304
Release: 2014-11-25
Genre: Business & Economics
ISBN: 1137392126

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Management Control and Uncertainty recognizes that all control takes place under conditions of uncertainty: it does now, and it always has done. In this edited collection, the contributing authors examine different aspects of management control systems in the modern world whilst paying more explicit attention to the ubiquitous nature of uncertainty


Actionable Strategies Through Integrated Performance, Process, Project, and Risk Management

Actionable Strategies Through Integrated Performance, Process, Project, and Risk Management
Author: Stephen S. Bonham
Publisher: Artech House
Total Pages: 279
Release: 2008
Genre: Business & Economics
ISBN: 1596931205

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This unique resource presents a new look at how the puzzle pieces of corporate dynamics management can fit together to ensure strategic designs are actionable.


Integrated Performance Management

Integrated Performance Management
Author: Kurt Verweire
Publisher: SAGE
Total Pages: 356
Release: 2004-12-23
Genre: Business & Economics
ISBN: 9781412901550

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Linking various disciplines and management functions, Integrated Performance Management provides the reader with a concrete framework to manage organizations successfully. The authors do not isolate a single strategy to manage performance. Instead, the book focuses on a range of strategies providing the reader with an introduction to each one. The concepts under analysis were developed through intense dialogue with business managers. While maintaining academic rigour, Integrated Performance Management presents ideas that students will find relevant outside of the classroom. Postgraduate and MBA students in a range of areas including strategy, accounting, finance, operations management, marketing, leadership and human resource management will find this book useful.