Principles of Management

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Presentation transcript:

Principles of Management Introduction to controlling

The Control Process Measure actual performance Compare performance to standard Take managerial action Correct performance Revise standard

Control Concepts Feedforward controls Concurrent (= same time) controls Feedback controls

Organizational Performance Tools Financial controls Balanced scorecard Innovation and learning Internal processes Customer Financial Information controls Benchmarking

Contemporary Issues in Control Cross-cultural differences Workplace privacy Customer interactions Corporate governance Board of directors Internal controls