After reading this article you will learn about:- 1. Meaning of 'Management by Exception' 2. Merits of 'Management by Exception' 3. Principles. Meaning of 'Management by Exception': Trying to control everything may end up in controlling nothing". Managers cannot control every organisational activity. This is neither desirable nor possible within the frame of time, money and resource constraints. If actual [...]
After reading this article you will learn about the relationship between planning and control. Control, a process which ensures actual performance to be in conformity with planned performance draws important link between planning and control. Planning frames organisational goals and objectives. For effective implementation of plans and achievement of goals, organisation structure is designed, official positions are staffed with people [...]
This article throws light upon the top eleven features of effective control system. The features are: 1. Future-Oriented 2. Multiple Control System 3. Economical 4. Timeliness 5. Flexible 6. Control of Critical Points 7. Operational 8. Organisational Climate 9. Objective Standards 10. Control by Exception 11. Positive Environment. Feature # 1. Future-Oriented: The control system ensures that mistakes made in [...]