Management Functions and Control Processes

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24 Terms

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Planning

Defining goals and objectives for an organization.

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Organizing

Deciding which tasks need to be done.

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Leading

Directing and motivating employees towards goals.

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Controlling

Monitoring activities to ensure goal achievement.

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Control System

Ensures attainment of organizational goals.

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Managerial Control

Not synonymous with being overly controlling.

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Control Process

Monitoring and adjusting actions to meet standards.

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Identify the Standard

Establishing the goal to be achieved.

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Measure Performance

Assessing if standards are being met.

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Performance Reports

Documents like sales reports and audits.

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Compare Actual vs. Standard

Determining acceptability of performance deviations.

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Evaluate

Assessing performance against established standards.

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Correct if Necessary

Making adjustments based on evaluations.

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Continuous Process

Control must be ongoing, not one-time.

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Employee Behavior Control

Monitoring and auditing employee performance.

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Quality Control

Ensuring products meet quality standards.

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Productivity

Measured as outputs divided by inputs.

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Customer Satisfaction

Evaluated through surveys and feedback.

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Financial Performance

Assessed via income statements and balance sheets.

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Transformation Process

Converts inputs into finished goods.

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Feedback Control

Corrects problems after they occur.

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Concurrent Control

Corrects problems as they happen.

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Feedforward Control

Anticipates and prevents potential problems.

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Relay for Life Example

Illustrates application of control types in fundraising.