Decision making by using strategic and operational controlling ...

Seminar paper from the year 2015 in the subject Business economics - Controlling, grade: 1,3, University of Applied Sciences Essen, course: MBA, language: English, abstract: Controlling is an important economic discipline and a key function of management. It is also crucial for the organizational success, because the absence of adequate control would lead to random actions and individuals would turn their attention to different and irreconcilable directions. With respect to the outstanding importance of controlling, the aim of the present work is to introduce various instruments of controlling which relate to both operational as well as strategic levels of a company. The instruments and techniques that are considered in more detail here are activity based costing, benchmarking, gross margin analysis and break-even analysis.