Management control is the process of evaluating, monitoring and controlling the various sub-units of the organization so that there is effective and ...
What do you mean by management control?
Management control can be defined as a systematic torture by business management to compare performance to predetermined standards, plans, or objectives in order to determine whether performance is in line with these standards and presumably in order to take any remedial action required to see that human and other ...
What is management control and its importance?
These five types of management control systems are (i) cultural controls, (ii) planning controls, (iii) cybernetic controls, (iv) reward and compensation controls and (v) administrative controls.