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 top five factors affecting organisational productivity. The factors are: 1. Change in the work force 2. Change in industrial composition 3. Change in capital-labour ratio 4. Decrease in research and development spending 5. Government regulation. Factor # 1. Change in the Work Force: Over the past few decades, various major changes have occurred in [...]
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 [...]