This article throws light upon the four modern control techniques used in an organisation. The modern control techniques are: 1. Network Techniques-PERT, CPM 2. Responsibility Accounting 3. Management Audit 4. Human Resources Accounting. Modern Control Technique # 1. Network Techniques-PERT, CPM: PERT (Programme Evaluation and Review Technique) was developed by the social project office of the U.S. Navy in 1958. [...]
After reading this article you will learn about:- 1. Meaning of Control 2. Nature of Control 3. Principles 4. Factors 5. Aims 6. Benefits 7. Limitations. Meaning of Controlling: Controlling is one of the managerial functions and it is an important element of the management process. After the planning, organising, staffing and directing have been carried out, the final managerial [...]
This article throws light upon the three main steps involved in the process of control in an organisation. The steps are: 1. Establishing Standards 2. Apprising Performance 3. Taking Corrective Action. Step # 1. Establishing Standards: A standard acts as a reference line or basis of comparison of actual performance in the organisation. Standards in enterprise should be set precisely [...]