This article throws light upon the three key benefits of exercising control in an organisation. The benefits are: 1. Changing Circumstances 2. Compounding of Errors 3. Organisational Complexity. Benefit # 1. Changing Circumstances: In today's highly complex and turbulent environment, all business organisations must find ways of coping with change. If managers could set goals and achieve them in no [...]
This article throws light upon the top three types of control methods in an organisation. The types are: 1. Non-Quantitative Methods of Control 2. Quantitative Control Techniques 3. Using Budgets and Budgetary Control. Type # 1. Non-Quantitative Methods of Control: Non-quantitative methods of control are those which are used by managers in performing other managerial functions, viz., planning, organising, staffing [...]
This article throws light upon the top three types of control in an organisation. The types are: 1. Feed-Forward 2. Concurrent (Preventive) 3. Feedback Controls. Fig. 17.6 : Three Types of Control Type # 1. Feed-Forward Controls: Feed forward controls are future-directed — they attempt to detect and anticipate problems or deviations from the standards in advance of their occurrence [...]