- The establishment of objectives: Control presupposes benchmarks against which actual results will be measured. Standards do not control in and of themselves, but they are the benchmarks against which performance can be compared.
- Actual performance evaluation: The operation’s outcomes are measured and compared to industry standards. In an ideal world, the measurement would allow deviations to be discovered ahead of time and avoided by taking necessary action.
- Variances analysis: Actual performance will be compared to standards to reveal variances. To decide which deviations are critical and must be remedied, some criteria must be established. The reason for critical deviations is determined, as well as their influence on the organization.
- Adopting corrective measures: Control refers to taking action based on measuring and evaluating outcomes.Self-regulating methods should be employed whenever possible to bring actual results back in line with the requirements.
OVERVIEW OF MANAGEMENT
Definition and importance of management
Functions of management
Managerial roles
Evolution of management thought
Types of management environment
0/6
PLANNING FUNCTION
Meaning and importance of planning
Principles of planning
Purpose of planning
Types of plans
Planning tools
Process of planning
Planning challenges
Making plans effective
Management by objectives
0/10
ORGANIZING FUNCTION
Meaning and Importance of Organizing
Structure and Designs of Organizations
Principles of Organizing
Process of Organizing
Delegation
Coordination
Centralization and Decentralization
Informal Organizations
0/9
STAFFING FUNCTION
Meaning and Importance of Staffing
Human Resource Planning
Recruitment and Selection
Training and Development
Performance Management
Reward Management
Separation
0/8
DIRECTING FUNCTION
Meaning and Importance of Directing
Leadership
Motivation
Communication
Group Dynamics
Conflict Management
0/7
CONTROLLING FUNCTION
Meaning and Importance of Controlling
Elements of Control
Characteristics of Effective Controls
Control Process
Role of Control in an Organization
Tools of Controlling
0/7
STRATEGIC MANAGEMENT
Overview of Strategic Management
SWOT Analysis
Strategy Formulation
Strategy Implementation
Strategy Evaluation
0/6
EMERGING ISSUES AND TRENDS
Organization Culture
Ethics and Social Responsibility
Managing Innovation and Change
Diversity and Inclusion
Corporate Governance
Globalization
0/7