About Lesson
- Applicability: A solid control system should be tailored to the nature and needs of the activity being monitored.
- Timeliness: Deviations should be detected and reported as soon as possible, if not before they occur. Only by promptly reporting irregularities and their reasons can timely corrective action be taken.
- Forward-Looking: A sound control system should allow for the possibility of deviations occurring again.Therefore, it should enable the manager to plan and think forward.
- Exceptional Control: A control system should focus on critical variances rather than just pointing out deviations.It should concentrate on the strategic locations or important places where immediate control action is required.
- Objectivity: Performance standards and measurements should be objective, verifiable, and specific to the greatest extent possible.Control should be reasonable and workable if it is based on facts and participation.
- Adaptability: The control system should be adaptable enough to accommodate changes in needs and conditions. It should continue to function even if the plans change or fail miserably.
- Controls must be cost-effective: A small business cannot afford the complex management system of a large corporation. Therefore, the benefits of the control system should justify the expense of installation and maintenance.
- Ease of Use: The control system should be straightforward to use.When everyone understands a control system, it can work successfully.Conversely, controls that are overly complex and elaborate are often ineffectual.
- Speculative: A sound system should advise the appropriate course of action. It should detect failures and reveal where they occur, who is responsible for them, and what should be done in response.