In this article we will discuss about:- 1. Definition of Management Control 2. Features of Management Control 3. Management Control System. Definition of Management Control: The management function of implementation of strategies is termed as 'Management Control'. It is defined as "the process by which managers influence the members of the organisation to implement the organisation strategies". Features of Management [...]
Two basic things are necessary in organising a decision support system development are:- 1. Central Data Bank 2. Information Centre. (i) Central Data Bank: It is the core of a decision support system. Information in one area of an organisation is made readily available for. decision making in other areas through the use of a central data bank. Recent developments [...]
The following points highlight the two important mathematical models used by a corporate strategy analyst to understand the long-term financial impact on the organisation. Model # 1. Quantitative and Qualitative Model: In many problems, the numerical or quantitative aspects of the various components of the problem are the most important. When we build a mathematical model and put into symbols [...]