Changes in instruments of managerial control
This chapter inquires into changes in the instruments of managerial control after buyouts in family businesses. Similar to chapter 1, this chapter starts with contrasting the instruments and the background of their implementation in section 6.1. Section 6.2 derives expectations about likely changes from the former section, and section 6.3 presents the changes observed in sample companies. Section 6.4 provides a summary of the chapter. The instruments of managerial control under analysis are: planning, management accounting, and performance measurement (see Figure 39).
KeywordsCash Flow Managerial Control Family Business Management Accounting Business Plan
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