What Is Modern Management Control Method?


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Rajesh Shri Profile
Rajesh Shri answered
The success of every business lies in effective management control. It is up to the management to remain focused and dedicated towards achieving business targets. This involves a lot of hard work, but is very fulfilling when viewing the growth graph. Management control involves effective quality control, operations management, delegation of work among the units and effective budget management.

Today, the business world is very challenging and complex. The management team of any business is required to ensure the smooth functioning of all operations and even the shelf or rack life of the product or service. The methods adopted are not with the intention to control rather the strategy is to guide the operations. This involves total co-ordination within all the operating units and individuals. In the absence of co-ordination, there can never be any organization, there will only be an experience. Modern management control methods include:
- Setting business goals, long and short term.
- Proper planning.
- Identifying workable strategies.
- Effective communication.
- Delegation of work.
- Timely evaluation of the accomplished stages.
- Budget management.
- Performance evaluation.
- Quality control.
- Overall operations.

Organization and good co-ordination are the essentials of effective management control. There has to be a systematic approach adhered to, to figure out and design the intended growth for the business.

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