BENEFICIILE ȘI LIMITELE SISTEMULUI DE CONTROL MANAGERIAL ÎN ROMÂNIA
BENEFITS AND LIMITS OF THE MANAGEMENT CONTROL SYSTEM IN ROMANIA

Summary/Abstract: Any public or private entity wants to build itsmanagement system that allows the implementation of its own strategies andpolicies, thus ensuring the fulfilment of its mission and the vision throughthe rational use of (often limited) resources and at the same time thesatisfaction of stakeholders’requirements. Business development and diversification, business performance ina turbulent, interconnected and globalized economic system, diversification ofmanagement techniques have generated the interest in control. Thus, themanagement control activity becomes an important step that generates multiplebenefits to all organizations to the extent to which they are prepared todevelop systems and procedures according to legal procedures and standards, butalso adaptable to the environment. Control is the activity that provides acompany management with real and preventive dynamic information which givesvalue and quality to the decisions made. The management control activityprovides managers with the opportunity to identify real issues as it capturesthe substance of phenomena and the ability to define a scientific and efficientmanagement system. To the extent that control is not limited just to findingthe negative elements but also to identifying and predicting the way anactivity is carried out, it can determine the maximization of advantages andthe prevention of phenomena that require corrective decisions.

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