Diagnostic Control System

Definition: a Diagnostic Control System is a traditional management control system used to monitor and optimize targets and outcomes: budgets, performance management and measurement, business plans, valuation standards, incentive systems and compensation systems.
It is one of the 4 levers of control decribed by Simons to manage the tension in organizations between profit, growth, risk and control besides Belief Systems, Boundary Systems and Interactive Control Systems.

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More on corporate governance: Agency Problem, Belief System, Board of Directors, Boundary System, CEO Duality, more...

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