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Elements of organizational control

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You have been asked to consult with a small company that is growing at a rapid rate. The president shares the following with you: "I'm thrilled that my little idea for a toolchest has grown so big, but I'm afraid that the company is slipping out of my hands. I've had to hire a lot of people in a short period of time, and now there are whole teams that I don't really know that well. I've also noticed some bad habits developing - pilferage, longer breaks, and sloppy accounting."
What elements of organizational control would you recommend? Prepare a report for the president and his senior people addressing the following:

1. Define the concept of control.
2. Identify the benefits to the company now and in the future.
3. Make 3 recommendations for control actions to take right now.

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Control in management can be defined as standards or benchmarks against which actual performances can be measured and deviations, if any, can be analyzed and rectified.

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1. Control in management can be defined as standards or benchmarks against which actual performances can be measured and deviations, if any, can be analyzed and rectified. Some examples of control in organizations are financial controls such as sales targets, attendence sheets for calculating absentee ratio etc. Controls are essential to evaluate the performance of the organization periodically and ensure that the organization is in the correct path towards its goal. It is absolutely necessary to ...

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