Controlling function at Wal-Mart
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Analyze issues related to the controlling function at Wal-Mart.
* What strategic controls are in place?
* What tactical controls are in place?
* How does Wal-Mart use financial controls?
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This analyzes issues related to the controlling function at Wal-Mart
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Analyze issues related to the controlling function at Wal-Mart.
Controlling involves influencing the human behavior in order to achieve the deliverables of the project. Controlling is much broad then the monitoring. It involves laying down the standard, using the techniques to influence the human behavior to achieve the standards. After it the performance is measurement and corrective action is taken.
* What strategic controls are in place?
Strategic control is concerned with the monitoring progress in accomplishing the strategic goals of the organization. It is very critical to any organization, because without it the results could be chaotic. Organizations have to improve their operational performance by proper evaluation and control mechanisms.
http://www.2gc.co.uk/pdf/2GC-FAQP02.pdf
Thus Strategic control system is designed to support managers in evaluating the organization's progress regarding its strategy and when discrepancies exit, taking corrective action. The dual responsibilities of the control system are efficiency and flexibility.
Wal-Mart's winning strategy is based on selling quality products at low cost. Thus ...
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