The use of Management Control Systems initiated from the

times when globalization came into being all across the world

as this was a beginning of the phase of industrial competition

among the different industries in the market. The environment

of management control systems was introduced in the

companies as they started to face changes in size, structure,

processes within the organization; complexities associated with

administrative problems increased; internationalization of

industrial demands began keeping in mind the geographical

scope of the world.

It is very important for a company or an industry to have a

management control system in order to respond accurately and

accordingly to the global demands and is also essential for the

successful achievement of the company's objective.

By definition, a management control system has the function of

gathering information and using the gathered information for

evaluation of certain important organizational resources like

human resources, physical resources, financial resources etc and

also of the whole company against other companies in the

globalized market.

Without an effective management control system, the company

may not even be aware of the strategies that they have used

for achieving its goals are feasible enough or not for enabling

the company to attain the pre-decided set of goals and

objectives.

The control system is the main body which responsible for

carrying out the tasks of Management Control System. The

control systems are responsible for keeping a check if the

processes are going as planned or not and if there is any

presence of errors or deviations in the process. in case of any

discrepancies, the control system also suggests some remedies

to resolve the deviations and the errors.