The Mediating Effects of Strategic Foresight on the Relationship of Management Control System with Firm Performance

Ismail, I. Narsa, Basuki, Andi Arman

2019

Abstract

The purpose of the present study was to examine the mediating effects of strategic foresight on the relationship of management control system with firm performance. A total of 63 samples was analyzed, the unit of analysis under study was large manufacturing companies in South Sulawesi and the respondents were company leaders at the middle to upper managerial levels. The analytical tool used to test the hypotheses was the Partial Least Square (PLS) assisted by the smartPLS version 3.0 software. Results showed that the present study successfully demonstrated that strategic foresight was capable of mediating the relationship between management control system and firm performance. Optimally achieved firm performance was inseparable from the implementation of an effective management control system and strategic foresight support. The findings of the present study substantiate the contingency theory that management control system can improve firm performance when considering strategies capable of adapting to their environment. Therefore, the follow-up of the results of this study is expected to be considered by the management of companies in designing and implementing management control systems and strategies effectively to improve firm performance.

Paper Citation

in Harvard Style

Ismail., Narsa I., Basuki. and Arman A. (2019). The Mediating Effects of Strategic Foresight on the Relationship of Management Control System with Firm Performance. In Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA, ISBN 978-989-758-582-1, pages 228-233. DOI: 10.5220/0009854400002900

in Bibtex Style

@conference{miicema19,
author={Ismail and I. Narsa and Basuki and Andi Arman},
title={The Mediating Effects of Strategic Foresight on the Relationship of Management Control System with Firm Performance},
booktitle={Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,},
year={2019},
pages={228-233},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009854400002900},
isbn={978-989-758-582-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,
TI - The Mediating Effects of Strategic Foresight on the Relationship of Management Control System with Firm Performance
SN - 978-989-758-582-1
AU - Ismail.
AU - Narsa I.
AU - Basuki.
AU - Arman A.
PY - 2019
SP - 228
EP - 233
DO - 10.5220/0009854400002900