Please enable JavaScript.
Coggle requires JavaScript to display documents.
Fundamentals of Controlling (Reasons why Control is needed (Reducing costs…
Fundamentals of Controlling
Reasons why Control is needed
Reducing costs, increasing productivity or adding value
Identifying Opportunities
Detecting irregularities and errors
Dealing with Complexities
Adapting to change and uncertainty
Decentralising decision-making and facilitating teamwork
Levels of Control
Tactical
Control
Operational
Control
Strategic
Control
Scope of Control
Human Resource Control
Information Resource Control
Physical Resources Control
Financial Resource Control
Types of Control Methods
Concurrent
Control
Feedback
Control
Feedforward
Control
Controlling Process:
1) Establishing Performance Standards
2) Measuring Performance
3) Compare Performance against Standards
4) Taking Corrective Action