Describe the kinds of quantitative and qualitative data of Management control system strategy (General Motors)
Quantitative and qualitative data of Management control system strategy
To write the report, you should choose one possible company – General Motors, and identify (or invent) one of its strategic aims/priorities (e.g. GM to be the world leader in driverless cars, Statoil to be the most sustainable energy company). Imagine you are a consultant for the company. The task is then to describe, analyse, and critically evaluate the ways in which each of the management accounting topics examined in the course (except balanced scorecard) could be used to pursue these strategies.
Your report should cover the following aspect:
- Describe the kinds of quantitative and qualitative data that you could gather and analyse to pursue these objectives of your chosen company. For quantitative financial data you could use information from the income statement as a basis for building management accounting tools such as budgets. You can also make informed judgements about the numbers. The key issue to establish is how the techniques (e.g. Management control system) could be mobilised in support of the strategy.
General Motors 2017 annual report:
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