NDLI: Management control systems in innovation companies: a literature based framework

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Management control systems in innovation companies: a literature based framework

Content Provider	Springer Nature Link
Author	Haustein, Ellen Luther, Robert Schuster, Peter
Copyright Year	2014
Abstract	Past research has traditionally argued that management control systems (MCSs) may present a hindrance to the creativity of innovation companies. This theoretical paper surveys the literature to focus an investigation on the MCSs of innovation companies. Within the object of control paradigm the paper develops and presents a theoretical model of the impact of eleven external, organisational and innovation related contingency factors on the MCSs in companies that engage in innovation activities. We also suggest measures for further empirical research. By formulating hypotheses on 43 potential interactions the model predicts contradictory influences on two direct control categories, results and action control, but stresses the importance of two indirect categories, personnel and cultural control. More specifically, the high levels of technological complexity and innovation capability in this type of company are expected to be negatively associated with the application of results and action control, whereas personnel and cultural seem to be more appropriate. Furthermore, important sources of finance, venture capital and public funding, are both hypothesised to be positively associated with the application of results, action and personnel control; whereas only public funding is predicted to be positively related to the application of cultural control. The principal contribution of this paper lies in synthesising the literature to provide a model of the impact of a unique set of eleven contingency factors for innovation companies on a broad scope of controls. In addition, the contingency model, if empirically validated, would add value by inferring the particular forms of management control which would be beneficial in innovative company settings.
Starting Page	343
Ending Page	382
Page Count	40
File Format	PDF
ISSN	21914761
Journal	Zeitschrift für Planung & Unternehmenssteuerung
Volume Number	24
Issue Number	4
e-ISSN	2191477X
Language	English
Publisher	Springer Berlin Heidelberg
Publisher Date	2014-02-19
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Management control systems Innovation companies Contingency model Organisational maturity Venture capital Public funding Accounting/Auditing Organization/Planning Production/Logistics/Supply Chain Business Taxation/Tax Law Business Strategy/Leadership
Content Type	Text
Resource Type	Article
Subject	Accounting Management Science and Operations Research Strategy and Management Management Information Systems Management of Technology and Innovation

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