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Foundations of Control (the value of the control function (empowering…
Foundations of Control
the value of the control function
empowering employees
protecting the workplace
planning
control process
comparing actual performance
acceptable range of variation
actual performance
written reports
oral reports
management by walking around
personal observation
control
concurrent control
feedback control
feedforward control
keeping track
finance
ratio analysis
profitability ratios
activity ratios
leverage ratios
liquidity ratios
budget analysis
planning tool
controlling tool
using a balanced scorecard
customer
internal processes
financial
people/innovation/growth assets