But also we have to keep one more thing in our mind that the Management Control System changes with time, which means MCS is also dynamic in nature. The internal control system differs from one business organization to another depending on the nature and size of the business. The Nature of Management The salient features which highlight the nature of management is as follows: Universal Process Factor of Production Goal-Oriented Supreme in Thought and Action Group Activity Dynamic Function Social Science Important Organ of Society System of Authority Profession Process Lets, explain each one; Universal Process Wherever there is human activity, there is management. All other management functions are the preparatory steps for getting the work done and controlling is concerned with making sure that there is proper execution of these functions. The following are common types of management control. These compliment the leadership capabilities of a manager with systems for achieving productivity, efficiency and consistency. collection of control systems aimed to achieve management control. Control is an important function of management.Without control, a manager cannot “do a complete job of managing”. As we see in the case of Xerox, before the application of management control system the company wasn’t performing well but after the application of MCS the face of the Xerox get totally changed. MANAGEMENT CONTROL SYSTEMS 209 and the effectiveness of formal controls may be dependent on the nature of the informal con- trols that are also in place (Otiey, 1980; Flamholtz, 1983). Social controls can exist when there is agreement on purposes or outcomes, without there necessarily being shared belief systems. Although managers do other things, the exercise of control is a dominant part of the manager’s job (Alvesson & Karreman, 2004; Mintzberg, 1989; Tangbald, 2001). To achieve the objective of a business proper execution of business activities in the light of prevailing laws and socio-economic conditions of the country is called an internal control system or structure. Control is necessary whenever a manager assigns duties and delegates authority to a subordinate. Management controls are mechanisms that allow a manager to direct the resources of an organization.

The term management control systems is also used to denote the interrelated whole of controls in an organiza-tion.

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