Management Control


To achieve its objectives, an industrial firm, merchandising enterprise, service company, or financial institution needs at top management level, an environment in which planning and control activities flourish.* A well-managed organization is distinguished by its orderly way of operating, and planning is cornerstone to this process. For its part, control action is an integral part of sound governance. A formal system of planning and control

•  permits delegation with commensurate responsibility,

•  coordinates and unifies action throughout the organization,

•  structures the progress of accountability, and

•  keeps management informed of whether or not policies are observed and ...

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