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Management Control Systems (302) BY: Pravin Tungare
Management Control Systems (302) BY: Pravin Tungare
BY : Pravin Tungare
UNIT 1
Conceptual Framework of Control Function
1.1 Nature of Control Function
Two management functions – Decision making & control
Control ensures performance as expected
Control process is:
- Continuous
- Dynamic
- Future oriented
- Regulation of actions
- Monitoring of activities
Carried out by managers
Managers are accountable for loss of control
Control depends on management plans
1.2 Significance of Control Function