Management Control

Management Control - Management Control Chapter 19 The...

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Management Control Chapter 19
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The Importance of Management Control Managers plan under the assumption that everything will run smoothly However, you anticipate what could go wrong Managers use CONTROLS to identify and correct problems Without controls, managers would be unaware that problems existed
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What is a Control CONTROL— Looking at a business activity, comparing it to what is supposed to be happening, and address problems that are found Example 61% of Juniors meet or exceed state standards in math Should be 80% Initiate Late Start Program for Juniors
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Why are management controls needed? Prevent crises Catch small problems before they become major problems Standardize outputs Allows for comparisons and allows for processes to be improved Appraise employee performance Objective evaluations equal for everyone Update plans Easier to make changes if you know what is going on Protect the organizations assets Protect against waste and theft
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This note was uploaded on 01/13/2012 for the course BUS M 201 taught by Professor Mcgregor during the Fall '11 term at BYU.

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Management Control - Management Control Chapter 19 The...

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