Transcription of Control And Its Process - ICSI
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Control And Its Process - ICSI
Control And Its ProcessBatch: FO_J11_01 Subject: 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.
ESSENTIALS OF EFFECTIVE CONTROL SYSTEMS 3. Objective and Comprehensive: The control system should be both, objective an understandable. Objective controls specify the expected results in clear and definite
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