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Internal Control System in Enterprise Management: Analysis and Interaction Matrices

Author

Listed:
  • Elvir Munirovich Akhmetshin
  • Vladimir Lvovich Vasilev
  • Denis Sergeevich Mironov
  • Elena Ivanovna Zatsarinnaya
  • Marina Viktorovna Romanova
  • Alexei Valerievich Yumashev

Abstract

Marina Viktorovna Romanova5, Alexei Valerievich Yumashev6 This study is aimed at the development of a guideline for analysis of the economic activity of an enterprise to control and ensure the interaction of tasks and functions of management in the current and strategic aspects in the conditions of innovative development. The proprietary methodology for enterprise management control system formation is developed. The concept of matrices of analysis and interaction between the functions of the enterprise management is introduced. The matrix of operational control and management, the matrix of strategic control and management, the matrix of integrated control and management are considered by the authors. The concept of enterprise management control is considered herein. The objectives of the management control system in the modern economy are also described. The key role of control in the implementation of the current and strategic objectives of the enterprise management is substantiated. The proposals are formulated to improve the control function at the enterprise with the help of new information technologies. Based on the proprietary methodology of matrix analysis and interaction of objectives and functions of the enterprise management system, the algorithm for the formation of a system of integrated flexible internal control is developed.

Suggested Citation

  • Elvir Munirovich Akhmetshin & Vladimir Lvovich Vasilev & Denis Sergeevich Mironov & Elena Ivanovna Zatsarinnaya & Marina Viktorovna Romanova & Alexei Valerievich Yumashev, 2018. "Internal Control System in Enterprise Management: Analysis and Interaction Matrices," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 728-740.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:2:p:728-740
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    File URL: https://www.ersj.eu/dmdocuments/2018_XXI_2_56.pdf
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    References listed on IDEAS

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    1. Shamsul Anuar Abd Rahim & Anuar Nawawi & Ahmad Saiful Azlin Puteh Salin, 2017. "Internal control weaknesses in a cooperative body: Malaysian experience," International Journal of Management Practice, Inderscience Enterprises Ltd, vol. 10(2), pages 131-151.
    2. Olga Viktorovna Lenkova & Anton Stanislavovich Permyakov & Olga Gennadyevna Yakunina & Marina Vyacheslavovna Vechkasova, 2017. "Problems and Prospects of Innovative Development of Petrochemical Enterprises," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 321-325.
    3. Elvir Munirovich Akhmetshin & Vladimir Lvovich Vasilev & Denis Sergeevich Mironov & Alexei Valerievich Yumashev & Aidar Sultangalievich Puryaev & Vladislav Valerevich Lvov, 2018. "Innovation Process and Control Function in Management," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 663-674.
    4. Khanif Sharifzуanovich Mullakhmetov & Ruslan Duferovich Sadriev & Elvir Munirovich Akhmetshin, 2018. "Corporate Culture in Management Systems," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 519-528.
    5. O.B. Ivanova & T.F. Romanova & E.D. Kostoglodova & D.G. Romanov, 2017. "Strategic Directions of the Country's Ensuring Financial Security," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 461-468.
    6. Natalya MARTYSHENKO, 2016. "Optimization and Management of Quality of Life in the Region Using the Example of the Primorye Territory Russia," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 7(8), pages 2121-2131.
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    1. Iryna TKACHUK & Artur ZHAVORONOK & Mariana KOBELIA, 2021. "Impact Of The Activities Of Governed-Sponsored Enterprises On The Financial Policy Of The State: Case Of Ukraine," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 16(26), pages 90-99, June.
    2. Vladislav Olegovych Gerasimov & Rustam Ilfarovich Sharafutdinov & Rustam Ilfarovich Sharafutdinov & Vladimir Vladimirovich Kolmakov & Elmira Arsenovna Erzinkyan & Aleksandr Alexandrovich Adamenko & An, 2019. "Control in the human capital management system in the strategy of innovative development of a region," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1074-1088, December.
    3. E.M. Akhmetshin & N.A. Prodanova & S.S. Shevchenko & I.P. Ratnikova & Y.Y. Gazizyanova & O.N. Zherelina, 2018. "Current Issues of Corporate Integrated Reporting Development in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 142-153.
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    More about this item

    Keywords

    Management; control; internal control system; strategic control; strategic control matrix; integrated flexible internal control. JEL Classification: M19; M49; G39.Read the Full Paper here;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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