Advantages and disadvantages. To successfully use these or any of these tools, the following issues should be paid attention to:
First, we should create an internal atmosphere and corporate culture for applying these tools through training and discussion. For example, there should be a corporate culture that emphasizes "respect for numbers" and "speaking with data." I think this kind of corporate culture can be formed through training managers at all levels on accounting knowledge and european leads management control tools. Without this kind of culture, it is almost impossible to effectively implement management control tools within the company.
Second, a reasonable, scientific and operational strategic system. The use of management tools is to implement strategies, but the company's strategic document is a report full of empty words and clichés that cannot be "implemented". I believe that an effective and operational strategy should be able to accurately answer three questions: (1) the company's vision and core competitiveness; (2) the most basic annual operating goals and basic strategies; (3) various resources that need to be allocated, especially financial resources.