M: Management
6th Edition
ISBN: 9781260485301
Author: BATEMAN, Thomas
Publisher: MCGRAW-HILL HIGHER EDUCATION
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 14, Problem 1LO
Summary Introduction
To discuss: The reasons on companies develop
Expert Solution & Answer
Explanation of Solution
The reasons on companies develop control system are as follows:
- Market control: It includes the utilization of pricing components to manage activities in organizations just as they were economic transactions.
- Bureaucratic control: It is the utilization of principles, guidelines, and formal ability to direct performances.
- Clan control: It depends on the standards, values, shared objectives and faith among group individuals.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Explain the characteristics management control systems must have.
Discuss why control is important to institutions?
Explain what are the objectives of internal control as per COSO are ?
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- How does the desire for personal control affect managers, and how can they balance it with organizational control systems?arrow_forwardDistinguish between cybernetic and noncybernetic control and between pre, concurrent, and postaction control sytems.arrow_forwardDefine control as a managerial function? Why do you suggest managers to ensure control im their respective Organizations?arrow_forward
- Why do internal controls fail? What must we do as managers to ensure that internal control is effective?arrow_forwardWhat is the objective of the company in having a strong and effective internal control system?arrow_forwardDiscuss the five different control methods (bureaucratic control, objective control, normative control, concertive control, and self-control).arrow_forward
- Explain the process of controlling in management. What are the key steps involved in the control process, and how does it contribute to organizational success?arrow_forwardWhat constitutes a good internal control environment?arrow_forwardName and explain in detail the mechanisms through which the market for corporate control operates.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you