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Management
What Does Control Mean in the Business Setting? Control is device or mechanism used to regulate or guide operation of a machine, apparatus, or system • Control is in a business setting and involves the processes that regulate, guide, and protect an organization • One type of control- set of financial policies • Most common style is top-down control- decisions are made by high- level executives and passed down Implementing Organizational Control Organizational control means developing rules, procedures, or other protocols for directing the work of employees and processes • Important because it helps identify errors and deviation from standards • Benefits: improved communication, financial stability, increased productivity, help in meeting goals, etc. • Employee morale may be higher when workers see that management is paying attention and knows what it is doing • Example: Toyota PLS-930

What Does Control Mean in the Business Setting? Control is device or mechanism used to regulate or guide operation of a machine, apparatus, or system • Control is in a business setting and involves the processes that regulate, guide, and protect an organization • One type of control- set of financial policies • Most common style is top-down control- decisions are made by high- level executives and passed down Implementing Organizational Control Organizational control means developing rules, procedures, or other protocols for directing the work of employees and processes • Important because it helps identify errors and deviation from standards • Benefits: improved communication, financial stability, increased productivity, help in meeting goals, etc. • Employee morale may be higher when workers see that management is paying attention and knows what it is doing • Example: Toyota PLS-930

Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
10th Edition
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Richard L. Daft, Dorothy Marcic
Chapter15: Managing Quality And Performance
Section: Chapter Questions
Problem 1GL: Create a Group Control System Step 1 Form into groups of three to five students. Each group will...
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Explain each bullet tagalog or English with or without example.

What Does Control Mean in the Business Setting? Control is device or mechanism used to regulate or guide operation of a machine, apparatus, or system • Control is in a business setting and involves the processes that regulate, guide, and protect an organization • One type of control- set of financial policies • Most common style is top-down control- decisions are made by high- level executives and passed down Implementing Organizational Control Organizational control means developing rules, procedures, or other protocols for directing the work of employees and processes Important because it helps identify errors and deviation from standards • Benefits: improved communication, financial stability, increased productivity, help in meeting goals, etc. • Employee morale may be higher when workers see that management is paying attention and knows what it is doing • Example: Toyota PLS-930
Transcribed Image Text:What Does Control Mean in the Business Setting? Control is device or mechanism used to regulate or guide operation of a machine, apparatus, or system • Control is in a business setting and involves the processes that regulate, guide, and protect an organization • One type of control- set of financial policies • Most common style is top-down control- decisions are made by high- level executives and passed down Implementing Organizational Control Organizational control means developing rules, procedures, or other protocols for directing the work of employees and processes Important because it helps identify errors and deviation from standards • Benefits: improved communication, financial stability, increased productivity, help in meeting goals, etc. • Employee morale may be higher when workers see that management is paying attention and knows what it is doing • Example: Toyota PLS-930
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