Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


The objective of the course is to develop student s ability to design and implement effective performance management systems. Course reviews various practices to manage organizations performance, and develops understanding when and under what circumstances each of them are effective in dealing with various managerial challenges.

Course gives special emphasis on accounting based controls as part of the organizations management systems. The link between strategy and performance measurement is elaborated.

Moreover, various aspects of operational control are discussed. Course allows insights into the current research in this field as well as helps those who plan to do master s thesis in this topic area.

Credits: 6

Schedule: 11.09.2018 - 23.10.2018

Teacher in charge (valid 01.08.2020-31.07.2022): Teemu Malmi

Teacher in charge (applies in this implementation): Teemu Malmi

Contact information for the course (valid 20.08.2018-21.12.2112):

Prof. Teemu

Department of

Aalto University School
of Business

Runeberginkatu 22-24, 00100



am available for questions before and after classes. I have no office hours,
but should there be a need to meet outside teaching hours, send me an e-mail.

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English


  • Applies in this implementation:

    11.9. MANAGEMENT






Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    1. Lectures, cases and group assignments (50%) 24 h, prof. Teemu Malmi.

    2. Exam (50%).

  • Applies in this implementation:

    grading is based on case reports and class activity as well as final exam.
    Final exam accounts for 50% of the final grade. 

    Course includes nine case studies students
    need to prepare prior to class. Four out of these nine cases will be graded
    separately and each of those four cases makes 7 % of the final grade, i.e. 28%. Class
    activity is 22 %.

    The evaluation of class activity is based answering to remaining 5 cases, answering on e-mail questions, and active participation on class discussion. 

    will assess these 5 cases on three point scale scale: inferior = 0; fair=1; outstanding=2, and this assessment will be part of your class contribution grade. This makes maximum of 10 points out of 22 for class activity and 10% of your final grade.

    There will be five e-mail questions. Answering e-mail questions on time gives you either 0,5 or 1,5 points each. In total you may receive 7,5 points for your final grade from e-mail answers.

    The participation on class discussions may give you 5 points, or 5% of your final grade.

    In total you can collect 100,5 points from final exam, cases and class activity.

    The class is
    divided into groups of four, which is also the maximum size of a group. The minimum
    group size is three. Grading of cases (4 + 5) is based on group performance.
    Group can split their points unevenly within the group to reflect individual
    contributions, if wished.

    Final exam, e-mail answers as well as participation on class discussion is evaluated on individual basis.

    Final exam will account for 50 points and you
    need to receive a minimum of 20 points to pass. Similarly, you need to collect
    at minimum 20 points out of 50,5 available for case assignments and class

    Final exam
    takes place 23.10.2018 and there is only one chance to redo the exam on 30.11.

  • Valid 01.08.2020-31.07.2022:

    - Classroom hours, 24

    - Class preparation, 46 h

    - Case assignments, 40 h

    - Exam preparation, 47 h

    - Exam, 3 h

  • Applies in this implementation:

    Our class-room sessions will start 12.15. We will have one break around 13.45 for 20 minutes. I expect class-room sessions to end around 15.35.

    Some of the cases are relatively short, some require more work. You should read relevant chapters from text-book as well as additional readings materials before preparing cases. The four case assignments that you hand in will likely take some 5 to 8 hours each, including the time spent on readings. The five other case assignments should take from 2 to 5 hours each.

    E-mail questions are not intended to be a time- consuming obligation. Your answers should be
    brief—three sentences or less for each question. 



Study Material
  • Valid 01.08.2020-31.07.2022:

    Reading material as indicated in Syllabus.

    Compulsory reading for the exam: Merchant, K. & Van der Stede, W. (2012), 3rd ed, Management Control Systems - performance measurement, evaluation and incentives. Prentice Hall.

    Suggested as a supplementary reading: Simons, R. (2005) Levers of Organisational Design. HBSP.


  • Applies in this implementation:

    The cases are listed under each topic in the schedule. Similarly, additional readings are listed there.

Substitutes for Courses
  • Valid 01.08.2020-31.07.2022:

    This course replaces 22E25000 Accounting for Management Control.

  • Valid 01.08.2020-31.07.2022:

    Management Accounting II (22C00300), Financial Accounting (22C00400).

Registration for Courses
  • Valid 01.08.2020-31.07.2022:

    Via WebOodi. Please see WebOodi for the registration dates.

  • Applies in this implementation:


     All 9 cases
    are due at the beginning of the class they are discussed. Bring one hard copy of
    your analysis to me. These are group assignments, no single
    submissions are permitted.

     One group
    will be selected to present the four cases that are graded. The presentation should answer the questions assigned, but should not be
    merely a presentation of the answers one by one. Instead, an overall
    presentation should be comprehensive enough that the answers to the questions
    are included. The group presenting will lead and guide the discussion and make
    sure that everyone participates.

     Remaining 5 cases
    will be discussed during the class, but no student presentations are required.


    On the bottom of many of the class assignments,
    you will see that I have included an “e-mail question.” Prior to midnight
    before our class pertaining to that assignment, please send me an e- mail
    message answering the question(s) for that day’s class. This is not intended to
    be a time- consuming obligation. Your answers should be brief—three sentences
    or less for each question.

    Your answers to the
    e-mail questions serve multiple purposes. First, they help me to get to know
    you and to see how you think. Second, these messages open the communication
    channels between us. Since you have to send me a message, it is easy to append
    another thought. You may use this opportunity to ask a question on another
    topic or to give me some feedback about the course. I welcome this. Third, your
    e-mail answers help me orient the class discussion. For example, they help me
    both to judge the mindset of the class and to find people with unique
    perspectives. Finally, the questions are functional because they encourage good
    advance preparation.


Details on the schedule
  • Applies in this implementation:


Registration and further information