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Management Control System: MMS - Semester IV

This document discusses management control systems. It provides an overview of key concepts related to control including the elements, nature, and steps in the control process. The significance and limitations of control are examined. Management control is introduced as the process by which managers influence others to implement organizational strategy. The document outlines the process of management control, factors affecting it, principles, essentials of good systems, and the relationship between strategic planning, management control, and operational control.

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Kiran Kadam
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60 views10 pages

Management Control System: MMS - Semester IV

This document discusses management control systems. It provides an overview of key concepts related to control including the elements, nature, and steps in the control process. The significance and limitations of control are examined. Management control is introduced as the process by which managers influence others to implement organizational strategy. The document outlines the process of management control, factors affecting it, principles, essentials of good systems, and the relationship between strategic planning, management control, and operational control.

Uploaded by

Kiran Kadam
Copyright
© Attribution Non-Commercial (BY-NC)
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Download as PPTX, PDF, TXT or read online on Scribd
Download as pptx, pdf, or txt
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MANAGEMENT

CONTROL SYSTEM
MMS – Semester IV

- Prof Channpreet Kaur Bhatia


Introduction to Control
 Control: It is a measurement and correction of performance of
activities in order to ensure that the planned objectives are
accomplished
 Elements of Control
a) Detector
b) An Assessor
c) An Effector
d) Communication Network (Egs. Thermostat, Body temperature, Motor
Driver, Expense Control)
 Nature of Control:
a) Managerial Function
b) Continuous Process
c) Forward Looking
d) Closely Related To Planning
Steps in Control Process

1) Setting Standards
2) Checking and Reporting Performance
3) Introducing Corrective Action
a) Adjustment to external situation
b) Review of direction
c) Modify the plans
Significance & Limitation
 Significance of Control
1) Employee Performance
2) Future action, reduce chances of mistakes
3) Decision Making for future
4) Decentralization of Authority
5) Control and Planning
6) Co-ordination
 Limitations
1) External factors
2) Time consuming
3) Standards of performance
4) Subordinates may resist
Introduction to Management Control

 Management Control: It is the process by which


managers influence other members of the organization
to implement the organization’s strategy
 Characteristics of Management Control
1) Focuses on programs and responsibility centers
2) 2 types of information
3) All aspects
4) Financial structure
5) Definite pattern and time schedule
6) Other sub-systems
7) Reciprocity and Expansibility
Process of Management Control&
Factors Affecting
 Process:
1) Organizing the process
2) Segmenting the Organization
3) Risk Assessment
4) Planning further
5) Management Control Evaluation
6) Corrective Actions
7) Reporting
 Factors Affecting
1) Key Processes
2) Establishing standards
3) Define information requires
4) Reporting system
5) Lack objectivity
6) Traditional measurement system
7) External Environment
8) Measurable, non, past, future, internal, external
Principles of Management Control

1) Assurance of Objective
2) Efficiency of Control
3) Control Responsibility
4) Future Controls
5) Direct Control
6) Reflection of Plans
7) Organization Suitability
8) Individuality of Controls
9) Standards
10) Strategic Points
11) Exception
12) Flexibility
13) Review
14) Action
Essential of Good Management Control
Systems
1) Effective Planning
2) Top Management
3) Motivation of Employees
Relationship- Strategic Planning, Management
Control & Operational Control

1) Management Levels
2) Strategy formulation, Management Control and
Operational Control
3) Goals – Tasks – Monitoring
THANK YOU

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