Abstract
The management control system aids administrators in guiding a business toward its organizational plans; as a result, management control is primarily concerned with the execution of the plan and plans. Financial and nonfinancial criteria are used to create management control systems. The financial element focuses on net income, earnings, and other financial metrics. The two components of leadership strategy in this study are cost and differentiation, which highlight the strategy of differentiation in attaining higher quality due to the robust strategy’s attention on a particular area of the company. In this study, we presented a novel method named deep interaction neural network to predict the performance of the manufacturing companies based on their leading competitors using features cost leadership and differentiation strategies. Moreover, the management control system is classified into two financial and nonfinancial factors based on machine learning methods. Based on the results, the presented factors can accurately estimate the company’s performance based on management control criteria with a 93.48% R‐square. Moreover, it can be seen that the DT method is presented with higher classification performance values.
Highlights
Companies’ procedures and processes to succeed in executing strategies are referred to as management control systems
Based on the training process with 7000 epochs, the output results are presented with 93.48% R-square
The higher accuracy belongs to decision tree (DT) with 99.1% with 100% sensitivity
Summary
Companies’ procedures and processes to succeed in executing strategies are referred to as management control systems. Incentive, decision support, intended outcomes, assessment, and other management control systems are all aided by management control systems. A management control system is intended to adjust the business to the operating area to protect partners’ interests. To put it another way, the management control system’s objective is to provide a secure network for delivering valuable data for decision-making, planning, and evaluation processes [1]. This system is expected to interact with the scenarios of the external structure, which are referred to as features. One of the significant management policies is the management control system and its connection with considerations, the type of corporate objectives [2]
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