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Control And Its Process - ICSI

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Control And Its ProcessBatch: FO_J11_01Subject: ManagementCS Foundation ProgrammeThe ICSI AhmedabadChapterIntroduction Themodernconceptofcontrolenvisagesasyste mthatnotonlyprovidesahistoricalrecordofw hathashappenedtothebusinessasawholebutal sopinpointsthereasonswhyithashappenedand providesdatathatenablethemanagertotakeco rrectivesteps, AccordingtoGeorgeRTerry-" ,evaluatingtheperformanceandifnecessary, applyingcorrectivemeasuressothattheperfo rmancetakesplaceaccordingtoplans." InthewordsofHaynesandMassie-"Fundamental ly, .STEPS IN Control and comparing actual results against corrective Thefirststepinthecontrolprocessistoestab lishstandardsagainstwhichresultscanbemea sured. Thestandardsthemanagersdesiretoobtainine achkeyareashouldbedefinedasfaraspossible inquantitativeterms. Standardsexpressedingeneraltermsshouldbe avoided. and Comparing actual Results against Standards Measurementofperformancecanbedonebyperso nalobservation,byreports,chartsandstatem ents.

Control And Its Process Batch: FO_J11_01 Subject: Management CS Foundation Programme The ICSI Ahmedabad Chapter

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