After reading this article you will learn about:- 1. Importance of Control 2. Fundamentals of Control 3. Focus 4. Types. Importance of Control: Controlling is the last of the five functions of management. It is considered last, not because it is less important than the other four functions: planning, organizing, staffing and leading but because it affects and is affected [...]
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 [...]