Computer and Management Control Measures


System automation creates easy control measure in management process, like using the smart-sheet to share information worldwide.

https://app.smartsheet.com/b/home

By Anthony Esochagi

 

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Financial Controls


Involves managing the organizations debt, cash flow and receivables/payables.

Contract Lifecycle Management means different thing to different users some think it’s the automation of the request process to eliminate bottlenecks for legal and sales, others think of it as the negotiation, redline and versioning process and many think it’s the post live execution of active contracts; managing financial terms, delivery of product or service, managing obligations and more. The fact is its all of the above. The true definition includes any process that contributes, creates or utilizes contract data, is part of contract lifecycle management.

By Nathan Phillips

 

Levels of Control Mechanism


Strategic management provides overall direction to the enterprise. Strategy formulation requires examining where the company is now, determining where it wants to go, and then determining how to get there. This involves crafting vision statements, mission statements, overall corporate objectives.

Tactical management involves the future vision of the business and tactics involve the actual steps needed to achieve that vision. Tactics are the practical steps needed to implement the strategy.

Operational control serves to regulate the day-to-day output relative to schedules, specifications, and costs.

By Nathan Phillips

 

Types and Systems of Control


Physical resources:  Includes inventory management, quality control and equipment control.

Human resources:  Includes selection and placement, training and development, performance appraisal and compensation.

Information resources:  Includes sales/marketing, forecasting, environmental analysis, public relations, production scheduling and economic forecasting.

Financial resources:  Involves managing the organizations debt, cash flow and receivables/payables.

By Nathan Phillips

 

Process of Control


Standards are the plans or the targets which have to be achieved in the course of business function.  They can also be called as the criterions for judging the performance.  Standards generally are classified into measurable or tangible and non-measurable or intangible. The second major step in controlling is to measure the performance. Measurement of tangible standards is easy as it can be expressed in units, cost, or productivity.  Qualitative measurements become difficult when the performance of manager has to be measured.  Once the deviation is identified, a manager has to think about the cause which has led to deviation. Once the causes and extent of deviations are known, the manager has to detect those errors and take remedial measures to rectify the situation.

By Nathan Phillips