University | Kaplan University (KU) |
Subject | Introduction to Management |
Learning Objectives
LO 1 Explain why companies develop control systems for employees.
LO 2 Summarize how to design a basic bureaucratic control system.
LO 3 Describe the purposes for using budgets as a control device.
LO 4 Define basic types of financial statements and financial ratios used as controls.
LO 5 List procedures for implementing effective control systems.
LO 6 Identify ways in which organizations use market control mechanisms.
Managerial Control
- Control
-Any process that directs the activities of individuals toward the achievement of organizational goals
The Control Process
1. Setting performance standards
2. Measure actual performance
3. Compare performance against standard and determine deviations
4. Reinforce success or take corrective action
Management Control – Step 1
Setting performance objectives and standards
Output standards:
- Measure performance results in terms of quantity, quality, cost, or time.
Input standards :
- Measure effort in terms of amount of work expended in task performance.
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
Native Singapore Writers Team
- 100% Plagiarism-Free Essay
- Highest Satisfaction Rate
- Free Revision
- On-Time Delivery
Management Control – Step 2
Management Control – Step 3
Comparing performance against standard and determine deviations
Comparison methods:
- Historical comparison
- Relative comparison
- Engineering comparison
Management Control – Step 4
Reinforce success or taking corrective action
Management by exception :
- Giving attention to situations showing the greatest need for action.
Types of exceptions :
- Problem situation
- Opportunity situation
Strategies for Achieving Control
The Role of Control in Organisations
Organization Control – Feedforward
Employed before a work activity begins.
Focuses on quality of resources.
Ensures that:
- Objectives are clear.
- Proper directions are established.
- Right resources are available.
Organization Control – Concurrent
Buy Custom Answer of This Assessment & Raise Your Grades
Organization Control – Feedback
Common Organizational Controls
- Compensation and Benefits Discipline
- Information and Financial
- Operations Management (Purchasing, Inventory, statistics)
- Management By Objective
Common Organizational Controls – MBO
Management Audits
- Management audit
-An evaluation of the effectiveness and efficiency of various systems within an organization
Management Audits
Designing Effective Control Systems
1. Establish valid performance standards.
2. Provide adequate information to employees.
3. Ensure acceptability to employees.
4. Maintain open communication.
Tutorial: Group Discussion Questions
- McDonald’s discovered a drop in quality of their
burgers. Explain how it can use the undermentioned THREE (3) approaches of bureaucratic control to improve the quality of the burgers.
a. Feedforward control – Explain 2 measures.
b. Concurrent control – Explain 2 measures.
c. Feedback control – Explain 2 measures.
Stuck with a lot of homework assignments and feeling stressed ? Take professional academic assistance & Get 100% Plagiarism free papers
Don’t stress over your Introduction To Management, Assignment. With our online assignment writing services, Singaporean students can easily pay someone to do my assignment for me and get professional help with management assignments. We ensure 100% human-written content, A+ quality, and a smooth learning experience!
Looking for Plagiarism free Answers for your college/ university Assignments.
- AVET104 Journey Through the Cell Assignment: A Molecular Adventure into Life’s Inner Workings
- Workplace Risk-Based Assessment 1: Evaluation of Hazards, Accidents, and Safety Compliance
- SRM Reflective Assignment 2: Applying Gibbs Model to Overcome Workplace Report Challenges
- ACLP M1P TAE Written Assignment: Skills Framework & Lesson Plan Design Using Gagne’s and Kolb’s Models
- EGH222 Healthcare Analytics Assignment 2: Predictive Model for Sick Days Based on Employee Demographics and Lifestyle Data
- Sustainability Strategy Assignment: Selected Company Case Study on Addressing Sector Challenges and Driving Behavioural Change Campaigns
- 7WBS2012 Executive Career Development Assignment: Career Pathway & Readiness Post-MBA in Education Management
- CVE2322 Gantry Build Prototype Assignment: Sustainable Civil Engineering Model Using Recyclable Materials
- BMG706 Strategic Quality Change Assignment Report: Enhancing Operational Excellence at any Organization
- CVE2323 Structural Analysis Assignment: Matrix Method & STAAD.Pro Evaluation of Frame Systems