In 3-5 sentences answer the following 1. Why is controlling a very important management function? 2. Why is the establishment of performance objectives and standards an important step in the control process?
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- Create a Group Control System Step 1 Form into groups of three to five students. Each group will assume that another student group has been given an assignment of writing a major paper that will involve research by individual group members that will be integrated into the final paper. Each group member has to do his or her part. Step 2 Your assignment is to develop a list of rules and identify some statistics by which to control the behavior of members in that group. Brainstorm and discuss potential rules to govern member behavior and consequences for breaking those rules. Step 3. first, select the five rules that you think are most important for governing group member behavior. Consider the following situations that rules might cover: arriving late for a meeting; missing a meeting; failing to complete a work assignment; disagreements about desired quality of work; how to resolve conflicts about paper content; differences in participation, such as one person doing all the talking and someone else talking hardly at all; how to handle meetings that Start late; the use of an agenda and handling deviations from the agenda; and any other situation that your group thinks a rule should cover that your group thinks a rule should cover.How does the desire for personal control affect managers, and how can they balance it with organizational control systems?How do you think that the selection of the appropriate preventative, detective and corrective controls applied in a specific situation or business operation should be guided by factors such as a) The legal obligations of the business b) The contractual obligations of the business c) The internal culture of the business d) The nature of the experience that it wants its customers to have e) The costs of implementing each specific control versus the benefits derived from that control in terms of things such as dollar savings, legal or contractual compliance, goodwill or reputation.
- You're making an internal control system. Which of the following do you think is most important: Why? Make sure that all of the dimensions of the controlling categorization cube are taken into account (intention, implementation, level).Why is the establishment of performance objectives and standards an important step in the control process.Explain using appropriate examples the differences between Strategic control, Management Control and Task Control
- 5-25. An important principle of the control environment is the organization’s commitment to ethics and integrity (COSO Principle 1). How might an auditor test the operating effectiveness of a client’s commitment to ethics and integrity?Discuss the importance of the control environment, or “settingthe tone at the top,” in establishing a culture of honesty and integrity in a companyHow does a desire for personal control affect managers and how can they balance it with organizational control settings?
- Explain the importance of organisational control, in your answer you must illustrate the Feedback Control ProcessFor an organization, the first step in the management function of controlling is to Multiple Choice identify deviations from the standard. take corrective actions when necessary. compare present performance with standards. measure the actual performance. investigate the causes of any deviations.PRINCIPLES OF MANAGEMENT MGMT1001 E-TUTOR: ALISIA BROWNE "According. to Robbins, The value of the control function can be seen in three specific areas: planning, empowering employees and protecting the workplace. Explain each area and provide two supporting examples how these are applicable in the workplace"