This website uses cookies to ensure you have the best experience. Learn more

Management And Control Essay

3158 words - 13 pages

Management and control
Chapter 1

Management relates to the process of organizing resources and directing activities for the purpose of achieving organizational objectives; consist of 4 phases:
1. planning
• mission; reason of company’s existence
• vision; what to do to reach the mission
• objective
• strategy; Corporate S.(expansion/ shutdown/ no change)
Business unit S. (Differentiation, cost leadership, focus)
Operational S. (mktg, finance, HR, R&D)
2. organizing
• organization structure
• amount of resources
• task
• Standard Operation Procedure
3. ...view middle of the document...

Motivational problems: employees are reluctant to give 100% effort, because individual and company goal don’t naturally coincide
3. personal limitation: caused by lack of knowledge, training, experience, or jobs that are not designed properly

Characteristics of good management control:
Good management control: management are confident that no major unpleasant surprise will occur, but still allows probability of failure because perfect control is rare and the control loss(cost of not having perfect control) must be achieved to reach optimal control (cost of implementing more control > control loss)
• future oriented (no unpleasant surprises in future)
• objective driven (objective represents what the organization seeks)

Control problem avoidance:
• activity elimination; potential risk in particular activity can be turned over to 3rd party (Subcontract, licensing agreements, divestment)
• Automation; automated devices can be set to behave consistently in accordance to the company’s wants (lower inaccuracy, inconsistency, lack of motivation, unlike human) but maybe costly and lack of feasibility
• Centralization; centralization in decision making of key risk areas is needed (Mergers and divestment)
• Risk sharing; to limit loss; thru insurance

Chapter 2: Result control

Result control:
• Rewarding for good result (meritocracies), punishing for bad results
• Reminds employees of the consequences of actions taken
• Employees are empowered to take any actions, not dictated by the company
• Cannot be used in every situation, effective only where the desired result areas can be controlled (to a considerable extent) by the employees whose actions are being influenced and where the controllable result areas can be measured effectively
• Preventive type control, effective in addressing motivational problems, personal limitation problems

Steps in result control:
1. defining performance dimensions
“what you measure is what u get”; goals and measurement are the factors that shape up the employees’ mind of what is important, therefore it must be clear
2. measuring performance
measurement is done in a specific period
3. setting performance targets
affect behavior in 2: stimulate action and motivation; allow employee to self evaluation
4. providing rewards/punishments
extrinsic(bonus, promotions) / intrinsic(self-esteem)

conditions determining the effectiveness of result controls:
✓ knowledge of desired results
must be communicated effectively to employees, result desirability(more of the quality represented by the result measure is preferred to less, everything else being equal
✓ ability to influence desired results (controllability)
person whose behavior are being controlled must be able to affect the result in a material way in a given timespan; a manager only accountable for mistakes made...

Other Essays Like Management and Control

Bureaucratic Control Essay

1338 words - 6 pages The last step of control process is making changes in order to return performance to standard. Why changes are need to be made? Nowadays, organizations face globally competition, not just locally, a lot of traditional management style should be changed in order to react to this emerging environment. 5. Feedback, concurrent, feed forward The three basic control method are feedback, concurrent feedback and feed forward. Feedback

Control Mechanism Essay

1910 words - 8 pages Control Mechanism For Best Buy Joanne Forde MGT/330 March 7, 2011 Dorothy Galiger Control Mechanism For Best Buy An effective control system within any organization must provide detailed information that is both valuable in its measure and consistent in its delivery. Such qualities of a control system are essential for management to harness it for the greater good of the organization. Control systems must be a fluid expansion of the

Budgetary Control

2357 words - 10 pages year. Budgetary control is a system of management control in which actual income and spending are compared with planned income and spending, so that you can see if plans are being followed and if those plans need to be changed in order to make a profit. (Financial Times) The major aim of any organization is to create wealth for their shareholders for that they need to make plans and the major plan for it is budgets. Budgets are also heavily linked

Quality Control

3332 words - 14 pages Quality Control Evaluation Mechanisms for Information Systems Projects Table of Contents Abstract 1 Introduction 1 Company Overview 2 Description of Information System Project Portfolio 2 Scope of Services for IS Projects and Quality Requirements 2 Federal Aviation Agency (FAA). 2 Federal Emergency Management Agency. 3 Analysis of Existing Internal Quality Controls 4 Why control and evaluation mechanisms are critical for

Acces Control

2416 words - 10 pages control and report on the status and effectiveness of each risk response action to the Project Manager and Risk Management Team on a . A “Top 10 Risk List” will be maintained by the PM/Risk Manager or IPT and will be reported as a component of the project status reporting process for this project. All project change requests will be analyzed for their possible impact to the project risks. As Risk Events occur, the list

Access Control

2416 words - 10 pages control and report on the status and effectiveness of each risk response action to the Project Manager and Risk Management Team on a . A “Top 10 Risk List” will be maintained by the PM/Risk Manager or IPT and will be reported as a component of the project status reporting process for this project. All project change requests will be analyzed for their possible impact to the project risks. As Risk Events occur, the list

Internal Control

831 words - 4 pages determine how to manage these risks” . The risk management includes external and internal risks, analyzes the environment the company works in and predicts any factors that can influence business activities and profitability. It also includes right attitude, competence and monitoring of the risks to achieve stability and timely decisions. The main component of internal control is controlling activities. It helps to complete the internal control with

Inventory Control

1003 words - 5 pages increased quality across the board. If so than the solution should be implemented and if not the managers need to head back to the drawing board. These are all very broad ways in which managers approach the statistical process control. Because image(quality) is everything, statistical process control must be used to ensure the future success of any business. \ References Render, B., Stair, R. M., & Hanna, M. E. (2012). Quantitative analysis for management(11th ed.). Upper Saddle River, N.J.: Pearson Prentice Hall.

Internal Control

1880 words - 8 pages Private Fitness Inc. Group 4 Objectives of Private Fitness Inc. 2 Risk assessment: 2 1、Current situation 2 2、New Risk 2 ①Risk 2 ②Risk level 3 ③Risk treatment[We will give more details later.] 3 Solution 4 1、 Management Structure(personnel and cultural control) 4 2、Progress(Action control) 5 ①Between Rosemary and the non-instructor manager: 5 ②Among the manager, instructors and clients: 5 ③A whistle

Inventiry Control

1229 words - 5 pages Control for Payroll. Retrieved on February 1,2011 Syracuse (2009), Audit and Management Advisory Services. Retrieved from*%0A. Retrieved from February,1,2011

Contamination Control

759 words - 4 pages cartridge Automatic water drain Flow meter Slug control valve • • • Benefits & Results Shuts off flow during service or removal of unit Effectively traps and holds large volumes of particulate debris Filter elements may be quickly and easily replaced without the need for hand tools Strips water from fuel and automatically drains the water to an external water storage vessel Capable of removing 3% water by volume to less than .01% at the rated

Related Papers

Discuss How Standard Costing Is Used In Management Planning And Control Systems!

427 words - 2 pages as "system-feedback-loop", and it indicates that planning and control process is dynamic and that a standard cost system can support the management decision making process by discovering better ways of adhering to standards, of altering standards, and of achieving objectives.

Management Control Essay

1211 words - 5 pages client? b. Provides the highest profits to Stuart & Co.? 2. If your answer to (b) is not the same as your answer to (a) and Philip recommends the highest profit choice, is he acting unethically? Why or why not? 3. Which alternative should the top management of Stuart & Co. want Philip to recommend to his client? Is the company’s control system designed to ensure that choice? Tsinghua Tongfang Questions 1. Evaluate the

Management Control System Essay

1388 words - 6 pages Introduction Management control system (MCS), as a vital part of an organization, which purpose allows organizations to ensure that their activities achieve the objects they desire. The process of designing and improving MCSs requires addressing three basic questions. What is desired? What is likely to occur? And What is the effect of contextual factors ?Then managers must address each of these questions. What controls should be used? In

Management Control Systems Essay

1396 words - 6 pages Hannah Wittman 29 October 2014 Management Control Systems Essay Management control systems can look different between companies depending on what an organization’s goals and strategies are. Control systems can also depend on what the internal structure of the company is and what type of environment employees are working in. In most cases, a control system is put in place to set a uniform stand within an organization. The hope is that a