This article throws light upon the top six modern methods of control exercised in an organisation. The modern methods are: 1. Management Information System (MIS) 2. Management Audit 3. Responsibility Accounting 4. Network Techniques - PERT and CPM 5. Balanced Score Card 6. Ratio Analysis 7. Economic Value Added (EVA) 8. Market Value Added (MVA). Modern Method # 1. Management [...]
This article throws light upon the top six traditional techniques of control exercised in an organisation. The traditional techniques are: 1. Personal Observation 2. Budgetary Control 3. Break-Even Analysis 4. Financial Statements 5. Statistical Data and Reports 6. Quality Control. Traditional Technique # 1. Personal Observation: This is the simplest way to control organisational activities where managers take rounds at [...]
This article throws light upon the two main reasons for resistance to change. The reasons are: 1. Individual Resistance to Change 2. Organisational Resistance to Change. Reason # 1. Individual Resistance to Change: Individuals prefer to maintain status quo rather than accept new ways of doing things. They resist change because of the following reasons: (a) Insecurity: There is a [...]