The
Purpose of Control
The main purpose of controlling is to ensure that planning, organizing and directing activities are completed in ways that lead to the accomplishment of
organizational goals.
The
Process of Control
1. Measuring
actual performance.
2. Comparing
actual performance against a standard.
3. Taking
action to correct deviations or inadequate standards.
Types of Control
1. Feedforward Control
2. Concurrent Control
3. Feedback Control
Factors
of Control
Market
Control: The control system which emphasizes the use of external market
mechanisms such as price competition and relative market share, to establish
the standards used in the control system.
Bureaucratic
Control: The control system which emphasizes organizational authority and
relies on rules, regulations, procedures, and policies.
Clan
Control: The control system which regulates behavior by shared values, norms,
traditions, rituals, and beliefs of the firm’s culture.
Tools
for Controlling
1. Balanced
Scorecard
It is a measurement tool that uses goals set by managers to measure a
company’s performance.
2. Management
Information Systems (MIS)
A system
used to provide management with needed information on a regular basis.
3. Benchmark
The
standard of excellence against which to measure and compare.
Hello! I merely would wish to supply a massive thumbs up with the excellent info you’ve got here with this post. We are coming back to your site to get more detailed soon.
ReplyDeleteheart touching quotes