Developing Management Control Systems for Sustainable Business Models
In this article, we shed light on the challenge of developing appropriate management control practices for sustainable business models. In such business models, it is necessary to properly address the sustainability performance of the company. We conceptually explore the role of management control in sustainable business models, and argue that for companies to design and implement a sustainable business model, their company’s management control system needs to account for a multidimensional understanding of performance. We explore different management control needs for firms that aim to increase their social and environmental performance. The study thus contributes to the understanding of the relationship between sustainable business models and management control practices and indicates avenues for further research.