This article throws light upon the three main aids used in managerial control. The aids are: 1. Management by Exception (MBE) 2. Management Information Systems (MIS) 3. Key Indicator Management. Aid # 1. Management by Exception (MBE): Management by exception, or the exception principle enables managers to direct attention to the most critical areas of control and permits employees or [...]
This article throws light upon the top four reasons why employees resist control in an organisation. The reasons are: 1. Over-Control 2. Inappropriate Focus 3. Rewards for Inefficiency 4. Accountability. Reason # 1. Over-Control: Occasionally, organisations go into excessiveness and make the mistake of over-control; they try to control too many things. This becomes especially problematic when the controls pertain [...]
This article throws light upon the three important key functions of organisational control process. The functions are: 1. Financial Control 2. Inventory Control 3. Quality Control. Function # 1. Financial Control: Financial controls are important for various reasons. The most important reason is that financial data are the index of a firm's success and prestige. Financial results give a broad [...]