Concept explainers
What are the three steps in the control process? Describe in detail.
To determine:
Thesteps involved in the process of controlling.
Introduction:
Control Process: The control procedure of management guarantees that each action of a business is advancing its objectives. This procedure essentially helps managers in assessing their association's performance. By utilizing it adequately, they can choose whether to change their plans or proceed with them as they seem to be.
Answer to Problem 1RDQ
The three steps in the control process are:
- Measuring actual performance.
- Comparing actual performance against the standard.
- Taking managerial action.
Explanation of Solution
The three steps in the control process are:
- Measuring actual performance:
- Comparing actual performance against the standard:
- Taking managerial action:
The first step in the control process is measuring actual performance. To find the actual performance the administration first acquires information about it.
The manager uses four approaches to measure actual performance:
1. Personal observations,
2. Statistical report,
3. Oral report,
4. Written reports.
By using these tools, the manager determines the actual performance and takes fair action.
After determining the actual performance; It should compare with the standard and check whether the goal has been achieved or not.
For example, In the event that a person is permitted and planning 400 labor hours out of each week and if he consistently 450labor hours, then there might be an issue. In the event that he ismaking $10,000 per day in sales.However just making $8,000 every day, he may need to perceive the reason why hissales have diminished.
This is the last step in the control process and this step becomes very important when the performance goes down and falls short of the standard, and then the investigation demonstrates that restorative activity is required. The remedial activity could include an adjustment in at least one exercise of the association's tasks.
Want to see more full solutions like this?
Chapter 18 Solutions
Management, Student Value Edition (13th Edition)
- In 3-5 sentences answer the following 1. Why is controlling a very important management function? 2. Why is the establishment of performance objectives and standards an important step in the control process?arrow_forwardexplain what the importance of control as a management function is and identify and explain the areas of control the management team need to focus on.arrow_forwardDiscuss five points ,why Controlling is important in management?arrow_forward
- How does a desire for personal control affect managers and how can they balance it with organizational control settings?arrow_forwardExplain 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 are the basic elements of Internal Control? Discuss each element.arrow_forward
- Principles of Management Course (discussing the control function of management) What strategies or actions could a manager take when performance falls below or exceeds expectations?arrow_forwardWhat are the four major goals of internal control?arrow_forwardHow are leadership and control different? How are planning and control different? How are structure and control different? Are controls positive, negative, or both within a business, especially since controls are often audited or reviewed for their effectiveness by internal audit or regulatory bodies (explain)?arrow_forward