Question
The chief executive officer of a very large client of your firm recently complained that management accounting controls inhibit innovation but this was strongly opposed
The chief executive officer of a very large client of your firm recently complained that management accounting controls inhibit innovation but this was strongly opposed by the financial controller who opined that control systems provide a broad framework for innovation. As a result of the apparent differences between the chief executive officer and financial controller, your firm has been approached to organize a seminar on control systems and innovation. You are required to critically review twenty (20) relevant empirical works on the subject including those listed below and draft a ten (10) page report on the relationship between control systems and innovation. 1. Miller, B. P., Sheneman, A. G., & Williams, B. M. (2022). The impact of control systems on corporate innovation. Contemporary Accounting Research, 39(2), 1425-1454. 2. Gomez-Conde, J., Lopez-Valeiras, E., Malagueo, R., & Gonzalez-Castro, R. (2023). Management control systems and innovation strategies in business-incubated start-ups. Accounting and Business Research, 53(2), 210-236. 3. Barros, R. S., & Ferreira, A. M. D. S. D. C. (2022). Management Control Systems and Innovation: a levers of control analysis in an innovative company. Journal of Accounting & Organizational Change, 18(4), 571-591. 4. Karmeni, K., De La Villarmois, O., & Beldi, A. (2018). Impact of control on innovation: the case of franchising. Management Decision, 56(7), 1485-1505. 5. Bisbe, J., & Otley, D. (2004). The effects of the interactive use of management control systems on product innovation. Accounting, organizations and society, 29(8), 709-737. 6. Bedford, D. S. (2015). Management control systems across different modes of innovation: Implications for firm performance. Management Accounting Research, 28, 12-30. 7. Lopez-Valeiras, E., Gonzalez-Sanchez, M. B., & Gomez-Conde, J. (2016). The effects of the interactive use of management control systems on process and organizational innovation. Review of Managerial Science, 10, 487-510. 8. Davila, T. (2000). An empirical study on the drivers of management control systems' design in new product development. Accounting, organizations and society, 25(4-5), 383- 409. 9. Lvstl, E., & Jontoft, A. M. (2017). Tensions at the intersection of management control and innovation: a literature review. Journal of Management Control, 28, 41-79. 10. Revellino, S., & Mouritsen, J. (2009). The multiplicity of controls and the making of innovation. European Accounting Review, 18(2), 341-369
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started