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chrisdekok chrisdekok
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Discuss the guidelines for proper control.
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Strategic Management and Business Policy: Globalization, Innovation and Sustainablility

Strategic Management and Business Policy: Globalization, Innovation and Sustainablility


Edition: 14th
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dslegendsdslegends
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The following guidelines are recommended for proper control:
Control should involve only the minimum amount of information needed to give a reliable picture of events.
Controls should monitor only meaningful activities and results, regardless of measurement difficulty.
Controls should be timely so that corrective action can be taken before it is too late.
Long-term and short-term controls should be used.
Controls should aim at pinpointing exceptions.
Emphasize the reward of meeting or exceeding standards rather than punishments for failing to meet standards.
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