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Effective Management Control Techniques

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Hitesh sharma
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5 views7 pages

Effective Management Control Techniques

Uploaded by

Hitesh sharma
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

CONTROLLING

CONTROL

• Controlling is one of the key functions of management

• It involves monitoring performance and making necessary adjustments to achieve


organizational goals

• Ensures that activities are aligned with plans


STEPS IN THE CONTROLLING PROCESS

• Setting Performance Standards


Example: Walmart sets daily sales targets for each store
• Measuring Actual Performance
Example: Walmart collects real-time sales data through POS systems
• Comparing Performance with Standards
Example: If a store’s sales fall below the target, management reviews reasons
• Taking Corrective Actions
Example: Walmart may increase promotions or adjust staffing to improve sales
TYPES OF CONTROL

Types of Control
CONTROL TECHNIQUES

Control
techniques

Functional Budgetary Inventory


MIS
task analysis control control
METHODS OF CONTROL

• Policies
• Job descriptions
• Quality control of materials
• Budgets
• Audit
• Standard cost analysis
• Employee performance evaluation
• Impact assessment
• Graphic charts and diagrams

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