Is Innovation Out of Control?

The aim of this explorative study is to examine the theorical notions in the business model of innovatin that are influence by use of management control systems (MCS). By means of a systematic literature review, the theoretical contrructs are explored and related to part of the MCS, namely the performance measurement systems (PMS) and the business model of innovation (i.e. innovation input, process, output, and outcome). The result of the systematic literature review will be used to develop a set of constructs on whether innovation is out of control. The paper concludes with presenting the state of the art, showing the theoretical contribution, implication, limitation and insight for future research concenring both researchers and managers