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Purpose of a control system

1. What is the purpose of a control system? How does that purpose translate into strategic actions?

2. Using levels of analysis - differentiate between strategic controls, operating controls, and functional controls. Give examples of each.

3. Explain Fortune 500 business's "love affair" with quality standards such as Six-Sigma, ISO 9000 and the Baldridge Awards - what's the "big deal?"

4. Compare and contrast traditional budgeting with the balanced score card approach - why would businesses opt to use an accounting system not "required" by the government?

5. What is the role of information systems in the control function?

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1. What is the purpose of a control system? How does that purpose translate into strategic actions?

The purpose of control system is to ensure that an organization moves ahead on its strategic path as per desired plans and does not deviate from its intended course of action. Controls ensure that risks, deviations and errors are being caught at the right time and corrective action is implemented in a timely manner. Controls helps in comparison of actual performance with planned levels. This purpose translate into strategic actions because the main objective of control system is to keep organization on its strategic path of action towards the attainment of strategic goals, vision and longer term and objectives and control system involve implementation of strategic action and plans aimed at keeping the organization on the right course towards attainment of strategic goals and objectives.

2. Using levels of analysis - differentiate between strategic controls, operating controls, and functional controls. Give examples of each.

Strategic level controls are the control at the highest level, ie, strategic level and encompasses the all the broad level of control for ...

Solution Summary

1. What is the purpose of a control system? How does that purpose translate into strategic actions?

2. Using levels of analysis - differentiate between strategic controls, operating controls, and functional controls. Give examples of each.

3. Explain Fortune 500 business's "love affair" with quality standards such as Six-Sigma, ISO 9000 and the Baldridge Awards - what's the "big deal?"

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