Essential Elements of the Control Process
Following 15 Essential Elements of the Process of Control in Management must be considered while adopting the system of effective control in a business and industrial Enterprise.
1. Determination of Object and Targets
The very first essential of the process of control is the determination of the objects and targets of the enterprise this objects must be clearly defined and explain this purposes must be determined considering all aspects of an enterprise
2. Determinations of important centers of control
In every business and industrial enterprise, There are some points at which the possibility, of a variance, is more. These points Must be duly recognized and established. Once these centers are established great emphasis is laid down on this centers. It minimizes the possibility variances.
3. Establishment of Responsibility centers
Determination and establishment of responsibility centers are very necessary for enterprise for the stress establishment of an effective system of control. Under the system of such centers, The person liable for the mistake and variance is questioned.
4. Establishment of checking procedure
As an Important Essential element of the control process is that the checking procedure must be determined well in advance. It must be clearly defined so that every activity of the enterprise may be easily and thoroughly checked with the pre-determined standard and the time, money and energy spent on checking be saved.
5. Establishment of Standards
Establishment of standards is perhaps the most important essential element of the process of control. The standards must be established in the enterprise so that the pre-determined standards may become the best of checking and evolution of the Activities of the Enterprise.
6. To make the Organization sound
Any system of control in an enterprise can be effective only if the organization is made the sound. If the organizational structure of the enterprise is weak the effective system of control cannot be established in the enterprise. Therefore an Organizational structure of the enterprise must be sound.
7. System of control in Accordance with the Organizational structure
The system of control must be developed keeping in view. The needs and requirements of the organizational structure of the Enterprise. 15 Essential Elements of the Process of Control in Management.
8. To Record Actual Performance
It is necessary to have a proper record of actual performance for its evolution. Record of performance can be possible through Lab reports, labor reports, Sales analysis, variance analysis, Ratio analysis actual cost reports, and material consumption reports and others.
9. Comparison of actual performance with standards
Actual performance of the Enterprises compared with the pre-determined standards and variance as calculated.
The system of control must much be very much specific and right clear. It must be easy to understand so that it may easily to understood and followed by the concert workers and employees of the organization.
15 Essential Elements of the Process of Control in Management.
11. Remedial measures
if any on floor favorable variance is located all the best efforts are made to correct it so that performance may be improved. Similarly, favorable variances are maintained.
12. Determination of period
It is very important to determine the period of control well in advance. The period of checking must not be very long.
The success of the system of control depends upon the fact that it should not be very expensive. It must be prepared to keep in view the budget allocation of the Enterprise to make it economical.
14. Flexible(15 Essential Elements of the Process of Control in Management)
The system of control must be flexible so that necessary changes may be made in it according to the circumstances or as and when required.
The process of control must go on continuously. It must be adopted as a continuous process and not as a specific one only.
Thus, Now you know 15 Essential Elements of the Process of Control in Management of effective control in a business and industrial Enterprise.
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