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 four main types of control techniques. The techniques are: 1. Operations Design 2. Operations Coordination 3. Quality Control 4. Inventory Control. Type # 1. Operations Design: Operations design is conceived with how work-related facilities (such as machines and jobs) are constructed, arranged and co-ordinated. Due to lack of space, a detailed discussion of the [...]
This article throws light upon the two main tools of financial control. The tools are: 1. Financial Audit 2. Financial Ratio. Tool # 1. Financial Audit: Another effective control technique is the use of audits, which seek to examine activities or records to verify their accuracy or effectiveness. Financial information is only as good as data and interpretation on which [...]