MANAGEMENT CONTROL IN MODERN CONDITIONS: THEORETICAL ASPECTS
Today is Wednesday functioning and development organizations is characterized by three factors: the complexity - on the life of economic entities affected by many factors in the external and internal environment of the organization; dynamism - influences rapidly changing and interdependent creating different combinations of the key factors and models of influence on the organization, depending on the nature of their interaction; respectively, the complexity and dynamism creates uncertainty in the results as the implementation of certain administrative decisions, and the whole financial and economic activity. To maintain its position in the market, companies have to grow at least at a rate no worse than the pace of development of the target market, and the increase in production, diversification of production require more effort. Observed in the global market tightening competition is forcing manufacturers of goods and services to focus more on consumers and, ultimately, lead to a decrease in the rate of profit. Serious investment in development requires the use of borrowed funds, the value of which is determined not only by supply and demand of financial resources on the market. Only large corporations can now generate resources for investment at their own expense, due to the scale of production. Under these conditions, the competitiveness of companies is determined, firstly, their ability to profitably raise capital and, secondly, effective use of available capital. The first factor requires the establishment of an appropriate system of corporate governance and control, taking into account the "good practices of corporate governance", the second - an effective system of internal controls, the adequacy of existing control system and taking into account the characteristics of the system in addition to the control of activities of organizations, production technology, human resources and corporate culture of the organization as well as the characteristics of the environment. In this context, the state control activity is becoming one of the key factors in the competitiveness of organizations and thought provoking rethinking.