Concept explainers
To critically think:
Determine if the four students (A, B, C, D) use any of the control mechanisms i.e. Feedback Control, Financial and Budgetary Control.
Introduction:
Feedback control is a mechanism which is used to efficiently meet strategic goals by monitoring and observing the organization’s activities and using feedback as a measure to account for whether the firm’s performance has met the established standards.
Financial control suggests the mechanism built in observing the organization’s financial performance and position. The theory proposes that not only managers have to fraternize the financial position, but also employees; through which open-book management was introduced.
Budgetary control is the process of setting target on business expenditure and in response, try and remain within that target. At the end of the period, the actual expenditure will be compared against the budgeted expenditure and required changes will be made accordingly.
Trending nowThis is a popular solution!
Chapter 15 Solutions
Understanding Management (MindTap Course List)
- Distinguish between cybernetic and noncybernetic control and between pre, concurrent, and postaction control sytems.arrow_forwardHow does the desire for personal control affect managers, and how can they balance it with organizational control systems?arrow_forwardCreate a Group Control System Step 1. From into groups of three to five students. Each group will assume that another student group has been given an assignment of writing a major paper that will involve research by individual group members that will be integrated into the final paper. Each group member has to do his or part. Step 2. Your assignment is develop a list of rules and identify some statistics by which to control the behavior of members in that group. Brainstorm and discuss potential to govern member behavior and consequences for breaking those rules. Step 3. First, select the five rules that you think are most important for governing group member behavior. Consider the following situations that rules might cover; arriving late for a meeting: missing a meeting: failing to complete a work assignment; disagreements about desired quality of work; how to resolve conflicts about paper content; differences in participation , such as one person doing all the talking and someone else talking hardly at all; how to handle meetings that start late; the use of an agenda and handling deviations from the agenda; and any other situation that your group a cover. Step 4. Now consider what statistics could be developed to measure the behavior and outcome of the group pertaining to those five rules. What kinds of things could be counted to understand how group is performing and whether members are the following rules? Step 5. Discuss the following questions. Why are rules important as a means of control? What are the advantages and disadvantages of having many rules (hierarchical control) versus few rules (decentralized control) for a student group? How can statistics help a group ensure? appropriate behavior and a high-quality product? Step 6. Be prepared to present your conclusions to the Class.arrow_forward
- Create a Group Control System Step 1 Form into groups of three to five students. Each group will assume that another student group has been given an assignment of writing a major paper that will involve research by individual group members that will be integrated into the final paper. Each group member has to do his or her part. Step 2 Your assignment is to develop a list of rules and identify some statistics by which to control the behavior of members in that group. Brainstorm and discuss potential rules to govern member behavior and consequences for breaking those rules. Step 3. first, select the five rules that you think are most important for governing group member behavior. Consider the following situations that rules might cover: arriving late for a meeting; missing a meeting; failing to complete a work assignment; disagreements about desired quality of work; how to resolve conflicts about paper content; differences in participation, such as one person doing all the talking and someone else talking hardly at all; how to handle meetings that Start late; the use of an agenda and handling deviations from the agenda; and any other situation that your group thinks a rule should cover that your group thinks a rule should cover.arrow_forwardExplain the four steps in the control process.arrow_forwardDiscuss types of control and examples that can be implemented within an insitution?arrow_forward
- 1- List and define the 4 steps of the management control cycle 2- Explain each of the technology dissemination patterns and adoption categoriesarrow_forwardDistinguish between cybernetic control and post control models.arrow_forwardExplain controls in the organization. Provide an example of a concurrent control and a feedback control in a real organization.arrow_forward
- What are the differences among a pervasive control plan, a business process control plan, an application control plan, and an IT control process?arrow_forwardDiscuss the differences and similarities between the types of control (internal and external; direct and indirect). Choose one of the aspects of each type of control and argue why you favor the application of one over the other.arrow_forwardDiscuss the importance of the control environment, or “settingthe tone at the top,” in establishing a culture of honesty and integrity in a companyarrow_forward
- Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage LearningManagement, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub