An analysis of the importance of management control through a sound theory of control and overall operating strategy.
Written in 2002; 2,730 words; 19 sources; APA; $ 81.95
Paper Summary:
This paper discusses the importance of management control to the running of any business and examines how the process of control has changed with the introduction of the internet. Factors affecting effectiveness of management control, elements of the control system, key management control activities and the Internet's effect on management control systems are detailed.
From the Paper:
"Doing business is simply mathematics by other means ? all a question of keeping equations in balance on both sides. Labor must be balanced with capital. Resources with allocation. Customers with services or goods. Workers with rewards. The only way that such balances can be instituted and maintained is through a system of management control. At the heart of any well-run business operation is a sound theory of control and overall operating strategy. This paper looks at the importance of management control to the running of any business and examines how the process of control has changed with the introduction of the internet."
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