Focus on Growth, Not Cost Control

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Management control systems are used the most in Stage VI (40%). There are three aspects of management control; manufacturing, marketing and financial. Manufacturing control demands forecasting — looking down the road for future needs. Marketing control strictly deals with research. click here

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The objective is not to inundate business and financial managers with masses of data on exceptions for investigation, but rather to provide valuable insights into trends and areas where control issues are becoming of significant concern – as well as to highlight high risk transactions and specific instances of fraud, error and abuse that need to be addressed. grow tent

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I agree with you. We should Focus on Growth, Not Cost Control. Growth can make any business huge profit.

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Big data and analytics don't have to mean big spending. Over the years, millions of dollars' worth of investment in data warehouse and business intelligence tools have failed to deliver as promised. As a result, there is a growing demand among businesses for initiating smaller pilots in a test-and-learn environment. And open source tools such as Talend for MDM and Pentaho for BI can offer a less expensive route to build quick pilots. wobenzym

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I completely agree with Paul although I am not as much experienced and an expert as he being a director of such big organization but still I can understand his perspective as only keeping cost control in mind can help us in many common problems but unless and until we look for new invest we can not grow more Collection.

Finance executives have been focused on cost and cost control throughout the enterprise, but it may be time to invest in the capabilities finance can bring to the table to drive growthkareena kapoor , says Paul Boulanger, managing director of Accenture Management Consulting's Finance and Enterprise Performance practice.

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