MANAGEMENT CONTROL SYSTEMS
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Every Organization exists to achieve certain objectives. It as limited sources at its command and operates quite often in a dynamic environment. In order to achieve its objectives; the managers administrators of the organization prepare and execute plans. After the plans are put into action there can be several hurdles in the achievement of objectives. Plans are themselves may not be effective, Organization structure may be defective, staff may be incompetent, motivated, direction may be faulty or the changes in the environment may disturb the operations. As a result performance may fail short...
Every Organization exists to achieve certain objectives. It as limited sources at its command and operates quite often in a dynamic environment. In order to achieve its objectives; the managers administrators of the organization prepare and execute plans. After the plans are put into action there can be several hurdles in the achievement of objectives. Plans are themselves may not be effective, Organization structure may be defective, staff may be incompetent, motivated, direction may be faulty or the changes in the environment may disturb the operations. As a result performance may fail short of targets or expectations. Managers, therefore, require a system by which they can regularly monitor progress, identify the bottlenecks and take timely actions to set right. This is the function of control.
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