Preliminary communication
The Controlling Model as Management Support in Decision- Making
Berislav Bolfek
; Polytechnic of Slavonski Brod
Abstract
business
system to operate successfully and make profit, which represents the success criterion for each business
system on the market. For managing the business result, the management of business systems needs different
types of information on which numerous managerial decisions are based. That is why it is necessary to
develop and set a Business System Controlling Model which would have the capability to transform available
data into the information necessary for managerial decision-making.
The above-mentioned model is prepared in such a way that the whole process of the transformation of the
data into required information is carried out in two interconnected steps which have to be made in every
single case and situation. However, there are a certain number of different activities within each step which
do not have to be performed in every case. The forecast presented in the form of the Profit Forecast Procedure
and the Liquidity Forecast Procedure represents the essence of the Business System Controlling Model.
The Business System Controlling Model developed and set out in this paper should enable the business
system management to evaluate future business activities, in addition to monitoring the past and present
business activities. It is precisely the evaluation of the future business activities that, in today’s conditions
of greater market globalization and internationalization, should help the business system management to
control the business result in a better and easier way. In this way, the Business System Controlling Model
represents a new tool in the sense of management support in making various business decisions.
Keywords
controlling; decision-making; management; forecast; making profit; maintaining liquidity
Hrčak ID:
57836
URI
Publication date:
5.7.2010.
Visits: 4.011 *