Introduction to MCS - purpose- types- approaches to MCS- cybernetic and contingency approach- business strategy and management control system- hierarchy of control process- industrial dynamics and management control- design of MCS- steps- factors influencing design of MCS- it and design of MCS- key success variables as control indicators- environment and MCS- goals strategy and organization for adaptive control- divisional autonomy and responsibilities- management control tools and - processes – strategic planning and programming process- budgeting and budgetary control- standard costing system and variance analysis for control- transfer pricing- reward system- management control of operations- strategic cost management- auditing as a tool- MCS in organizations-MCS in non-profit organizations- current issues in MCS- corporate governance and management control.