Implementation Problems of Management Control Systems

This report summarizes the initial findings of the research project on implementation problems of management control systems sponsored by the Indian Institute of Management, Ahmedabad, with the support of the Institute of Chartered Accountants of India. It must be emphasised that the findings at this stage represent just a “first cut” at the data and that a considerable amount of statistical analysis as well as in-depth interviews remain to be executed. This research project would not have been possible without the financial help of the Indian Institute of Management, Ahmedabad, the unstinted support of the Institute of Chartered Accountant of India, and most importantly, the tremendous amount of co-operation provided to the researchers by the corporate sector. The response rate to the questionnaire has been truly phenomenal. In fact, in view of the length of the questionnaire, it is indeed a matter or considerable gratification, that the researchers can now analyse the management control practices of over 90 selected, large Indian companies. The researchers wish to place on record the tremendous debt of gratitude owed to the Indian Institute of Management, the Institute of Chartered Accountants of India, and the companies that participated in the research study.