Contingency Variable Control Mechanism For Group Companies

My reason for choosing to apply for Just Group is meany of the stores including Just Jeans Jay Jays and Dotti are stores I enjoy shopping at I have had good experience in theses stores and I enjoy the variety of clothing and styles these stores provide . That is why I would like to work for Just Group.

The design and implementation and objectives of company controls are not adequate to meet the control objectives. The control environment control objective is ineffective. This control objective lacks a written policy on ethical conduct, is lacking oversight from the board of directors and audit committee, lacks a consistent style and philosophy from management, and lacks a strong commitment to competence. The risk assessment control objective is effective but lacks any antifraud program and controls. The information and communication control is ineffective. A virus has been detected and is affecting the files of the company. This control is lacking a strong IT department. The general controls financial reporting control objective is effective but is weak in detecting or preventing material misstatement. The monitoring control objective is ineffective; this control has need of an internal auditor.

Overall Strength: in general, the article provides structure to a concept that is very intangible by: (a) describing the nature and the functions of control; (b) segregating the MCS into categories: core control system, organizational structure, and organizational culture; (c) illustrating how to apply the control model (satisfied my approach) (d) provides a basis for designing and evaluating the system. The manner, in which the model is presented, with its use of figures, further emphasizes the structure of the model. See below on further emphasis on parts (a) -(c).

good example of this control is in the railroad industry. Before the war, the railroad

The size of the organization can also help determine the managerial strategy to use because of the need to coordinate and control large number of people, large organizations generally use use classical or human relations strategies and the multi-products corporation have a forecast of large workers, it will involve about 600 workers and the size also affect structure because as organizations get larger, the impact of technology on their structure lessens.

Financial controls are the means by which an organization’s resources are directed, monitored, and measured.

Control is typically last in the list of management functions and follows planmng, organi7ing, staffing, and directing. In many ways, controlling is the most important, but it cannot occur until the results of the first four have been implemented. Managers control to ensure that the expected results actually occur after a structure or task is integrated with technology or people. Control depends on information conveyed to managers who continuously monitor sensors to ensure that ind1\ 1dual work results are effective and desirable and that organization objective are accomplished within resource con traints. The management model in Figure 5.8 reflects these relationships. Control allows managers

Problem: Bachand was particularly concerned about how best to motivate the managers of a corporate-owned store given that they did not share in its ownership. He wondered what control system features would make sense for the Corporate Owned stores?

1A longer and more detailed version of this paper is published as “The Theory and Practice of Corporate

Controlling is the second pace in financial management. At this stage, the financial manager makes sure that every division of the organization tags on the decided plans. In controlling stage, managers will have to study the existing reports and compare them with the previous reports to help them comprehend and establish the division of the organization that is a need of the most attention (Baker and Baker, 2007, p. 6).

The purpose of this paper is to analyze a case study related to issue of control and how organizations can utilize different approaches of control in order to improve quality and performance in all arenas, domestic and global. The focus of this case revolves around Lincoln Electric, an Ohio based company that has set the bar for how to develop and implement a successful management system. This paper will use the Lincoln Electric case analysis to present recommendations on how managers can use control methods to enhance employee performance, increase employee participation and empowerment, and improve organizational quality in

“Internal controls are policies and procedures put in place to ensure the continued reliability of accounting systems” (Ingram 2017). WorldCom’s attempts at maintaining internal controls are less than favorable. Segregation of duties enables the division responsibilities to ensure that no employee completes two similar tasks. The CEO’s monitoring of WorldCom’s financial processes shows that the company has a lax segregation of duties, which makes it easier to commit fraud. Access controls protect financial data from unauthorized access, however, WorldCom’s extent is password-protected computers. No access inventories are taken to monitor employee usage, so there is no trail of when employees are doing during work.

1. Coordination. The size of modern organisations is quite large. A large amount of capital and large number of people are employed in them. This complicates the problem of control as there are many units producing and distributing different products. In order to coordinate their activities, an efficient system of control is necessary.

This essay argues that contingency theory is a useful guide to the design of contemporary organizations. In particular, the essay claims that contemporary managers can draw upon the contingency theory research literature relating to relationship between organizational structure and technology, size, the environment, and strategy to design an organization that is well suited to its situation and circumstances and hence more likely to survive and prosper in the long term. This essay’s structure is as follows. The following section introduces contingency theory to explain its nature and implications for the management of contemporary organizations.

Control system strengths: Initially, divisional general managers are given full control of their businesses except in the areas of raising capital and labor relations. Full control gives divisional managers power to make