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Running Head: Control Management Running Head: Control Management Running Head: Control Management Running Head: Control Management Running Head: Control Management Running Head: Control Management Ru

   

Added on  2020-04-15

16 Pages3922 Words208 Views
Running Head: Control Management1Control Management

Control managementExecutive summary: The term control states different explanations which actually depend on the situation in which such term is used. In case of manufacturing company, term control refers to Device or mechanism which is installed for the purpose of regulating the activities of the apparatus, machine, person, or system. In other cases, control refers to controlling interest and in management as an authority for managing the working of the organization. Control is management process which mainly aims in achieving the defined goals of the organization within the period of established timetable. Generally, control includes three components, and these components are setting standards, measuring actual performance, and taking correct action.Management control is considered as system by which the actions of the individuals and groups working in the organization are constrained to perform certain actions in an effort to achieve the organizational goals. Management control falls into two types of categories that are regulative control and normative control, but these categories have several types. This paper defines the control management system with the help of the case study.

Control managementContentsExecutive summary:....................................................................................................................................2Introduction:...............................................................................................................................................4Control management:.................................................................................................................................5Case study:..............................................................................................................................................7Conclusion:................................................................................................................................................13References:................................................................................................................................................14

Control managementIntroduction:Control and controlling is considered as one of the most important managerial function like planning, organizing, staffing, and directing. This function is important because this functionhelps the management in checking errors and takes actions to rectify those errors for the purpose of minimizing the deviation from standards, and for achieving the stated goals of the organization. As per the modern concept, control is considered as foreseeing action but earlier this function is only used when errors were detected. The main function of controlling is to measure performance and conduct actions for ensuring desired results in the organization. it also helps the organization in ensuring that objectives of the organization are consistent with the accomplishments of the organization. It also helps in ensuring that organization is complied with all the rules and policies adopted by the organization. Therefore, it is very important for the organization to ensure that effective control system is implemented in the organization (Banerjee, n.d.). In the present era, control in management means setting the standards, measuring the actual performance of the organization, and take corrective action in this regard. Robert J. Meckler stated the definition of management control, and as per Robert, control in management is defined as systematic effort conducted by the management of the business for the purpose of comparing the performance with predetermined standards, plans, objectives for the purpose of determine whether performance is in line with these standards or not. If performance does not meet the predetermined standards then control management help in taking remedial action for thepurpose of ensuring that both human and corporate resources are used in the most effective and efficient manner for achieving the corporate objectives.

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