I need a 1-page analysis for the situation described below:

Responsibility Accounting: A Chinese Perspective. For years Han Dan Iron and Steel Company was under Chinese government control. During this period, the company's management accounting system focused on complying with government mandates rather than responding to the market. As a market-oriented economy began to emerge, the company realized that its management accounting system was obsolete. Managers were preoccupied with meeting production quotas imposed by the government rather than controlling costs and meeting profit targets or encouraging productivity improvements. To remedy this situation, the company implemented what it called a responsibility cost control system that (1) set cost and profit targets, (2) assigned target costs to responsibility center managers, (3) evaluated the performance of responsibility center managers based on their ability to meet the targets, and (4) provided incentives to improve productivity. Source: Z. Jun Lin and Zengbiao Vu, "Responsibility Cost Control System in China: A Case of Management Accounting Application," Management Accounting Research, December 2002, pp. 447-467.