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Importance of Management Function Control in Slovak Companies

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Eurasian Business Perspectives

Part of the book series: Eurasian Studies in Business and Economics ((EBES,volume 13/2))

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Abstract

In management theory, the control function is considered the terminal function in management. Also due to its status as the last step of the management process, it is the least researched function. Another approach states that control accompanies the other functions, and one of its tasks is to influence them to work more efficiently and effectively. Based on our questionnaire survey, we analyze the perceived importance of controlling in companies operating in the Slovak Republic on various aspects such as the size of the enterprise, the level of the respondent’s management, or the subject of business activity. The overwhelming majority of respondents consider controlling important or very important. The larger the company, the more important is the control function perceived. In addition, the higher the manager is situated in company’s hierarchy, the more important controlling is considered. An interesting exception is micro-entrepreneurs.

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Acknowledgments

This chapter is a part of the research project “Trends of internal control in business entities in the light of new challenges” (no. 1/0135/17) funded by the Scientific Grant Agency VEGA.

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Correspondence to Juraj Misun .

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Misun, J., Misunova Hudakova, I. (2020). Importance of Management Function Control in Slovak Companies. In: Bilgin, M., Danis, H., Demir, E., Aysan, A. (eds) Eurasian Business Perspectives. Eurasian Studies in Business and Economics, vol 13/2. Springer, Cham. https://doi.org/10.1007/978-3-030-40160-3_4

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