Everything you need to know about the managerial control. Control is an important function of management. It is an essential feature of scientific management. In fact much of the precision of managerial education is focused on the improvement of control techniques. It is generally used for putting restrains over the elements being controlled. In managerial terminology, control is ensuring work [...]
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 [...]
Techniques of Managerial Control: Traditional and Modern Techniques! 1. Traditional Techniques: Traditional techniques refer to the techniques that have been used by business organisation for longer period of time and are still in use. […]