Balanced Scorecard
Balances financial objectives with organizational learning, internal processes and customer satisfaction, measuring performance from several perspectives.
FinancialCustomersInternal processesLearning and growth
Management Control Models
Tools and methodologies that supervise and direct your activities so resources are used efficiently and effectively to achieve strategic objectives.
Overview
Management control models align daily operations with strategic objectives and provide key metrics and indicators for decision-making. These are the most common models we work with.
Frameworks
Common management control models
Budget Control
Plans financial resources and periodically compares actual results with the budget. A traditional and effective model for controlling expenses and income.
Revenue budgetsExpensesInvestments
COSO Internal Control Model
The Committee of Sponsoring Organizations of the Treadway Commission framework evaluates internal control systems to ensure operational efficiency, reliable financial information and compliance with laws and regulations.
Control environmentRisk assessmentControl activitiesInformation and communicationSupervision
Management by Objectives
Sets clear, measurable objectives at the organizational and individual levels. Management and employees agree on the objectives, and compliance is evaluated on results.
- Advantages
- Aligns effort and motivation through clear objectives.
Activity-Based Costing
Assigns costs to the activities performed instead of distributing them generally, revealing the true cost of products or services and improving profitability.
- Key approaches
- Identifying activities and assigning direct and indirect costs to specific activities.
Benchmarking
A continuous process of measuring and comparing a company's processes and practices with those of leading companies in the sector, to find best practices to adapt.
InternalCompetitiveFunctional
Strategic Management Control
Aligns corporate strategy with the execution of projects and operations, so daily activities contribute to long-term strategic objectives.
DashboardsKPIsOKRs
Standard Operating Procedure
A document that sets out the steps to do something clearly and concisely.
Process flowchartsQuantitative standardsQualitative standardsMonetary value standards
Choosing a model
Each model has advantages and challenges. The right choice depends on the size of the company, its structure, its sector and its specific objectives.