Statens fastighetsverk -betalformad styrning i en funktionsdriven organisation
The National Property Board (SFV) has been appointed by the Swedish government to administer all property of cultural value owned by the Swedes collectively. The commission includes maintaining the soul and character of each individual building, to adapt these buildings to present needs and requirements, and furthermore making them available to the public. The return on equity demanded by the government is based on the CAPM used within the real estate industry. The theoretical assumption that organizations are either function-driven or pay-driven will serve as a starting point, after which SFV will be defined as a function-driven organization with a pay-formed management control system. This paper aims to examine how applying a pay-formed management control system will affect a function-driven organization. The analysis is based on a case study of SFV, specifically of the external and internal management control systems. Operations are controlled by a strict budget system where the demanded return on equity will set the level of cost and determine whether or not projects are practicable. The conclusion is that SFV translates the applied management control system in order to dimension resources and perform the appointed tasks to the best of the board?s ability.