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Information Support of Management Control in Information Asymmetry and Modern Instability
Author(s) -
Svitlana Kuznetsova,
Andriy Kuznetsov
Publication year - 2015
Publication title -
universal journal of management
Language(s) - English
Resource type - Journals
eISSN - 2331-9577
pISSN - 2331-950X
DOI - 10.13189/ujm.2015.030403
Subject(s) - information asymmetry , instability , control (management) , asymmetry , negative information , business , risk analysis (engineering) , economics , process management , psychology , microeconomics , cognitive psychology , management , mechanics , physics , quantum mechanics
Information support model of management control is provided for building an integrated information system which collects detailed information about the state of the company on the strategic, tactical and operational levels of management and directions. Its construction is based on the concept of 4Ms and the pyramid of efficiency. The exact model designed for information support of management control has been formed by assessing 3 alternative models (conviction, cooperation and pragmatism) and selected on the basis of the strategy of the company, its specifics and existing features of the environment in which it functions. Taking into account the factors of instability in the formation of information support of management control for managerial decision-making it is reasonable to rely on such methods as adjustments, risk analysis and sensitivity analysis. Based on Arrow's impossibility theorem and the existing state of the management control systems regarding determination of groups of indicators, which will be monitoring effectiveness, it is expedient to introduce a dictatorial approach.

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