Developing Management Control Systems for SMEs using the Theory of Constraints. The Theory of Constraints (TOC) has helped organisations to move from a mindset of maximising efficiency and production to a new paradigm built around smoothness of flow and maximisation of throughput. Typically it is used for manufacturing management to improve factory floor operations in large companies. To achieve its full potential in small and medium enterprises (SME's) they need to align their management contro ....Developing Management Control Systems for SMEs using the Theory of Constraints. The Theory of Constraints (TOC) has helped organisations to move from a mindset of maximising efficiency and production to a new paradigm built around smoothness of flow and maximisation of throughput. Typically it is used for manufacturing management to improve factory floor operations in large companies. To achieve its full potential in small and medium enterprises (SME's) they need to align their management control systems with the TOC approach. Using an action research approach this project will meet these challenges. In particular, an exemplar accounting and performance measurement system will be designed for planning, control and decision-making.Read moreRead less