Management Tools

MANAGEMENT http://www.pakdata.net

Shahzad Arain 92-334-5307738 [email protected]

TOPIC

FOUNDATIONS OF MANAGEMENT CONTROL

OVERVIEW 1.Understanding Management Control.  Definition  Importance of Control. 2. Control Process.  Step:1.Establish Standards  Step:2.Measure Performances  Step:3. Compare Performance to Standards  Step:4. Take Action. 3. Control In The Organization.  Levels Of Control  Types of Control Methods  Organization forms of Control

1.Understanding Management Control Well-designed controls can improve product quality and enhance profit.

Definition: Control is the regulatory process directing the activities an organization conducts to achieve anticipated goals and standards.

Importance Of Control  It

is the ongoing process used to determine if an organization is meeting its goals.  Control can assist organizations in their endeavors to improve quality both in their work activities and in the end product delivered to the customer.

2.CONTROL PROCESS Step:1. Establish Standards Step:2.Measure Performances Step:3. Compare Performance to Standards Step:4. Take Action.

3. Control In The Organization. Level Of Control  Strategic Control  Tactical

Control

 Operational

Control

Strategic Control The regulatory process ensuring successful implementation of an organization ‘s long range strategic plans, emphasizing environmental effects and internal strategic directions.

Tactical Control The regulatory process aimed at successful implementation of department-level tactical plans, emphasizing specific internal and external forces affecting the.

Operational Control The regulatory process ensuring successful implementation of day-to-day operational plans by monitoring specific and focused internal activities.

Types of Control Methods There are three types of control methods 2. Preliminary control 3. Concurrent Control 4. Postaction Control

1.Preliminary control The regulation of a process’s inputs to ensure they meet established standards. 2. Concurrent Control The regulation of ongoing process to ensure they adhere to established standards. 3. Postaction Control The regulation of a process’s outputs to ensure they comply with established standards.

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