Multinational organisations (MNOs) operate their activities in more than one country. These organisations are classic examples of a high degree of separation between ownership and management. In addition to this distance between owner and manager, management control is substantially influenced by diversified institutional, cultural and political factors across countries. Thus, adaptability and consistency in resource management and accountability remains a key issue for MNOs.

 Required:

Critically examine the influence of culture on the management control system of MNOs. In your discussion, you should identify and evaluate key issues associated with cultural differences between countries. Consider also the role of local institutions and the business environment in different countries.