Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Comparing actual performance against a[…]
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Taking managerial action to correct deviations or to address inadequate standards (control) (2),”Depending on the problem, a manager could take different corrective actions. A manager must decide whether to take immediate corrective action (=corrective action that addresses problems at once to get performance back on track) or to use basic corrective action (= corrective action that looks at how and why performance deviated before correcting the source of deviation)- Revise the standard: it is possible that the variance was a result of an unrealistic standard. However, when performance does is outside the standard for a while
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Read moretypes of control (3),”o Feed forward control. Most desirable type of control. It prevents problems. Taking managerial action before a problem occurs, to it can be prevented rather than having to correct them after any damage. However
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Read moreWhat gets controlled (4)
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Read moreFinancial control
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Financial control o Ratio analysis[…]
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Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Organization information’s control Managers need[…]
Read moreA management information system (MIS):,”- A MIS is a system used to provide management with needed information on a regular basis.o Can be manual or computer-basedo System in MIS implies order, arrangement and purposeo Focuses on providing managers with information
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Read moreEmployee performance control
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Read moreBalanced scorecard approach control,”is a strategic performance management tool that looks at more than just the financial perspective. It looks at four areas: financial, customer
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Read moreDo controls need to be adjusted for cultural differences?,”Methods of control can differ per country, especially in the measurement and corrective action steps. For example, distance calls for more formalized controls. More technological advanced countries use indirect control devices. Corrective action can depend on national laws. Additionally
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