Two of the most commonly-cited managerial functions are that of planning and control, although they are distinct albeit interrelated processes. Planning is the actual determination of the organization’s objectives and long and short-term goals. Goals are not achieved haphazardly and there must be a clear and sequential line of steps to determine that the necessary actions are taken to ensure that the goals are achieved. Control is the process of determining that the performance of the planned steps is in line with what is needed. For example, it might be determined that meeting certain productivity goals are required on the part of a project management team, and that certain steps must be achieved in a timely fashion (Tanuja, n.d.). Controlling might involve placing sanctions on the team if the project falls short or goes over time and budget, unless there is a good reason for such a failure.In some instances, if there has been a critical misalignment between resources and goals, effective planning will require a reconfiguration of the planning or the execution functions of the organization. Regardless, without control, planning is all for naught. On the other hand, having controls in place without a clear sense of planning...
A good example of this can be seen in one of my former places of employment, where there were strict controls in regards to employees coming in on time, meeting specific productivity goals, and not wasting time at work (for example, it was prohibited to use company Internet and phones for any personal purposes). These controls were put into place based upon the assumption that employees should be following the rules very strictly.
Control Mechanism: Advance Financial Management Real corporate governance and financial control comprise of the utilization of monitoring and inducement mechanisms to bring into line different interests that are between managers and shareholders and urge the creation of shareholder value. Monitoring is not just a simple mistake, nor a conventional control, but founded on the control monitor. The United States, World, Com Enron, Lam Tin, China's Guangxia, came from magnificence into ashes,
Imbalances were most evident in three relational areas: decision-making, emotional involvement, and equity. A higher percentage of both men and women stated that men usually made more of the decisions, were less emotionally involved, and usually experienced "the better deal." Lastly, male dominance -- but not equality of power between genders -- was found to be linked with greater romantic relationship longevity. It seemed that the higher the relative
Planning Decision Making Planning and decision making are two main and fundamental processes of an organization. Planning is one of the main factors with the help of which an organization can determine where it wants to be in the future. It is planning with the help of which an organization can determine as to what can be done in order to accomplish the mission and aims that an organization has. One
In terms of human relations skills, some examples in this sense include the ability to understand human behavior or the abilities to communicate and motivate. c) Organizing Similar to control, the organizing function is addressed through the gradual completion of four distinct processes: identification of activities, departmentally organizing the activities, classifying the authority and coordinating authority and responsibility. In the case of organizing the resources for instance, it would be necessary
..ERP combines them all together into a single, integrated software program that runs of a single database so that the various departments can more easily share information and communicate with each other." (Pang, 2001) the work of Les Pang (2001) entitled: "Manager's Guide to Enterprise Resource Planning (ERP) Systems" published in the Information Systems Control Journal informs this study that over the past ten years an organizations have significantly experienced
Planning and Control Formulating Plans and Strategies Bunge Limited Bunge is a renowned organization that deals in agribusiness in as many as 40 countries offering the processing service of the products and produces from the farms as well as transport hence acting as the link between the production a t the farms and the final consumer. Bunge also deals in the production of renewable fuels, animal feeds, sugar, flour, fertilizers and oil among
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