A good control system must be able to deal with every deviation as per its seriousness. No organization can afford to accord equal importance to each and every problem. This is basically the whole aim of strategic control points.
In conclusion, a good control system should be stable, accurate, responsive, robust, insensitive to parameter variation, and sensitive to input commands. These characteristics ensure that the system can maintain its performance in the face of disturbances and changes in the system.
Effective control. You maintain effective control over an item when you either retain physical possession of the item, or secure the item in such an environment as a hotel safe, a bonded warehouse, or a locked or guarded exhibition facility.
A feedback control system consists of five basic components: (1) input, (2) process being controlled, (3) output, (4) sensing elements, and (5) controller and actuating devices. These five components are illustrated in Figure 1.…
There are four basic elements of a typical motion control system. These are the controller, amplifier, actuator, and feedback.
The control should be objective, definite and determinable in a clear and positive way. The standards of measurement should be quantified as far as possible. If they are not quantifiable, such as training effectiveness etc. they must be determinable and verifiable.
The six principles of control activities are: 1) Establishment of responsibility, 2) Segregation of duties, 3) Documentation procedures, 4) Physical controls, 5) Independent internal verification, 6) Human resource controls.
The seven broad principles of internal control are: Establish responsibilities; maintain adequate records, Insure assets and bond key employees, Separate recordkeeping from the custody of assets, Divide responsibilities for related transactions, Apply technology controls, and Perform regular and independent reviews.
In sum: a good control plan clearly describes what actions to take, when to take them, and who should take them. It provides a clearly documented approach to be followed in case of variations, thereby precluding the firefighting syndrome setting in.
Types of Control techniques in management are Modern and Traditional control techniques. Feedforward, feedback and concurrent controls are also types of management control techniques. Controlling helps the managers in eliminating the gap between organizations actual performance and goals.
Good internal controls are essential to assuring the accomplishment of goals and objectives. They provide reliable financial reporting for management decisions. They ensure compliance with applicable laws and regulations to avoid the risk of public scandals.
The most important control activities involve segregation of duties, proper authorization of transactions and activities, adequate documents and records, physical control over assets and records, and independent checks on performance. A short description of each of these control activities appears below.
The control function can be viewed as a five-step process: (1) establish standards, (2) measure performance, (3) compare actual performance with standards and identify any deviations, (4) determine the reason for deviations, and (5) take corrective action if needed.
The basic control process, wherever it is found and whatever it is found and whatever it controls, involves three steps: (1) establishing standards. (2) measuring performance against these standards. and (3) correcting deviations from standards and plans.
Three basic types of control systems are available to executives: (1) output control, (2) behavioral control, and (3) clan control. Different organizations emphasize different types of control, but most organizations use a mix of all three types.
Control has two basic purposes namely (i) to facilitate coordination, and (ii) to help in planning. A good control system provides timely information to the management which is very much useful for taking various actions for the efficient operation of the organizational processes.
Objective of Controlling
To ensure that the performance of activities takes place in accordance with the standards that have been predetermined. To improve the operational efficiency of operations by avoiding unnecessary actions. To ascertain the correct action to take with the least amount of costs, effort, and time.
An effective internal control system provides reasonable assurance that policies, processes, tasks, behaviours and other aspects of an organisation, taken together, facilitate its effective and efficient operation, help to ensure the quality of internal and external reporting, and help to ensure compliance with ...
Modern Techniques of Managerial Control
Return on investment. Ratio analysis. Responsibility accounting. Management audit.
Strategic Control – 4 Major Types: Premise, Implementation, Strategic Surveillance and Special Alert Control.
Proportional, integral, derivative (PID) control is by far the most popular controller in industry today. It is extremely robust, easily implemented and intuitive.