EDN: JMFVCV
Authors:
SHNAIDER Olga Vladimirovna, IUVOVICH Maja
Abstract.
The problem of sustainable development has attracted the attention of researchers around the world for many years, but in recent years, interest in sustainable development has expanded to the study of the relationship between management and control systems and sustainable development. The aim is to use relevant literature to answer the question of how companies form and use management control systems in the case of sustainability management and how to maintain sustainability. The growing importance of sustainability in recent years has led to increased pressure on companies to be transparent and accountable in their actions and activities. This increased pressure has been formalized by the passage of new sustainability laws, or laws that force large companies to start reporting on their sustainability performance. Companies with effective management control systems can effectively adapt to current and future situations and circumstances. Such companies can critically develop and improve their business, practices and activities. They can meet the needs of customers and market requirements, acquire competitive competencies, abilities and potentials, and significantly improve their financial and non-financial performance. In response to a more competitive and uncertain market environment, management control systems can be a strategically valuable approach to accounting management and a method to improve the ability of companies to innovate their organizational activities, develop their management activities, improve business performance, and achieve long-term sustainability.
Keywords:
relationship, controlling, management control system, sustainable development, economic entity.
