This article throws light upon the five main steps involved in the process of control. The steps are: 1. Determining the Areas of Control 2. Setting Standards 3. Measurement of Performance 4. Comparison of Performance against Standards 5. Correction of Deviations. Step # 1. Determining the Areas of Control: It is not possible for managers to control every activity and [...]
After reading this article you will learn about:- 1. Meaning of Focus of Control 2. Features of Critical Points 3. Levels. Meaning of Focus of Control: Control is measuring actual performance, comparing it with standard performance, finding deviations and adopting measures to check the deviations. In a small organisation, managers can check every activity of members by adopting appropriate control [...]
This article throws light upon the top six traditional techniques of control exercised in an organisation. The traditional techniques are: 1. Personal Observation 2. Budgetary Control 3. Break-Even Analysis 4. Financial Statements 5. Statistical Data and Reports 6. Quality Control. Traditional Technique # 1. Personal Observation: This is the simplest way to control organisational activities where managers take rounds at [...]