Management Control Systems , 4th edition, by Kenneth A. Merchant, and Wim A. Van der Stede, is the market-leading text for management control and performance management studies. Using real-life examples and a range of international case studies, the book offers you a thorough understanding of the core concepts and key topics of the subject. The text's clear and structured chapters ensure logical progression and understanding through topics such as the control function of management, alternative methods of management control, and how to apply your knowledge beyond theory. Considering all areas of Management Control Systems, from implementation to ethical questions, the 4th edition serves as the ultimate guide to the subject, excellent for students and practitioners alike.
A must read for anyone who measures performance of employees or wants to implement more or tighter control in their company. Also useful for people who are being evaluated by superiors. The book gives many advantages of performance measures, but also turns to the disadvantages, and possible solutions.