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Fundamentals Of Controlling (Reasons why controlling is needed (Reducing…
Fundamentals Of Controlling
Reasons why controlling is needed
Reducing costs, increasing productivity or adding value
Identifying opportunities
Detecting irregularities and erros
Dealing with complexities
Adapting to change and uncertainty
Decentralising decision-making and facilitating teamwork
Levels of control
Tactical controls
Operational controls
Strategic controls
Scopes (Areas) of control
Information Resources Control
Human Resources Control
Physical Resources Control
Financial Resources Control
Types of control methods
Concurrent controls
Feedforward controls
Feedback controls
Styles of implementing controls
Bureaucratic Control
Decentralised Control
The controlling process
Compare Performance Against Standards
Take Corrective Action
Measure Performance
Establish Performance Standards