M:MANAGEMENT
6th Edition
ISBN: 9781260062885
Author: BATEMAN
Publisher: RENT MCG
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 14, Problem 1LO
Summary Introduction
To discuss: The reasons on companies develop
Expert Solution & Answer
Explanation of Solution
The reasons on companies develop control system are as follows:
- Market control: It includes the utilization of pricing components to manage activities in organizations just as they were economic transactions.
- Bureaucratic control: It is the utilization of principles, guidelines, and formal ability to direct performances.
- Clan control: It depends on the standards, values, shared objectives and faith among group individuals.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Discuss why control is important to institutions?
What is the objective of the company in having a strong and effective internal control system?
Define organizational control and
explain why it is a key management
function.
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- How does the desire for personal control affect managers, and how can they balance it with organizational control systems?arrow_forwardDistinguish between cybernetic and noncybernetic control and between pre, concurrent, and postaction control sytems.arrow_forwardDiscuss the purpose and procedures related to internal control.arrow_forward
- Identify and briefly describe each stage in the planning and controlling processes.arrow_forwardDescribe the execution of the planning and controlling activities under control- and involvement- oriented management practices.arrow_forwardIdentify and explain the FIVE components of a system of internal control.arrow_forward
- Explain why the competing values framework can help in designing a control and performance management system.arrow_forwardWhat are the ethical issues arise in the contemporary control practices and what are the best ways to deal with these issues?arrow_forwardIdentify and explain at least 4 Control Activities being implemented by entities to manage risks.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
