Conceptual fundamentals of managerial decision making controlling at an enterprise

Economic Annals-ХХI: Volume 138, Issue 1-2(2), Pages: 40-43

Citation information:
Simenko, I., & Kondrashov, О. (2014). Conceptual fundamentals of managerial decision making controlling at an enterprise. Economic Annals-XXI, 1-2(2), 40-43. https://ea21journal.world/index.php/ea-v138-10/

Inna Simenko
D.Sc. (Economics),
Professor,
Head of Department of Commercial Activity Analysis,
Donetsk National University of Economics and Trade named after Mykhayilo Tugan-Baranovsky
31 Shchors St., Donetsk, 83050, Ukraine
sime-inna@yandex.ru

Оleksii Kondrashov
PhD Student,
Donetsk National University of Economics and Trade named after Mykhayilo Tugan-Baranovsky
31 Shchors St., Donetsk, 83050, Ukraine
kondra-shov@yandex.ru

Conceptual fundamentals of managerial decision making controlling at an enterprise

Abstract. The aim of the article is to study the following conceptual fundamentals of managerial decision making control: entities, objects, aims and objectives of the control. Implementation of the process-based approach to management has become basic for identifying the heads of separate process or functional subdivision or the managers of high level (top managers) to be the object of internal control of managerial decision making. The internal control of managers’ decision is the element of separate functions of management, planning, organization, accounting, analysis, regulating. Different entities of the control of managerial decision making consequently have different targets according to their functional responsibilities which promotes the reaching the common goal of the enterprise functioning. Notwithstanding the great popularity of the model of internal control COSO, it acquires significant constraints. The article presents the discourse of interrelationships of the internal managerial decision making control tasks alongside with the levels and stages of their preparation and adoption. Implementing system-based approach stimulates the understanding of internal control of managerial decision making to be the system, management function and the process. Decomposition of the internal control of managerial decision making with the account of static and dynamic aspects of those have become the ground for distinguishing resources, results, process and actions of managers to be the objects of control.

Keywords: Internal Control; Managerial Decision; Concept of Internal Control

JEL Classification: D21; M21

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Received 26.11.2013