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    Chapter 7 Controlling

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    jerickcc3
    Organization and Management

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    © All Rights Reserved
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    Chapter 7 Controlling

    Uploaded by

    jerickcc3
    14 views17 pages
    Organization and Management

    Original Title

    CHAPTER 7 CONTROLLING (PPT) (1)

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    © © All Rights Reserved

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    Organization and Management

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views17 pages

    Chapter 7 Controlling

    Uploaded by

    jerickcc3
    Organization and Management

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 17

    CHAPTER 7: CONTROLLING

    CONCEPT AND NATURE OF DIFFERENT CONTROL METHODS


    AND TECHNIQUES IN ACCOUNTING AND MARKETING
    CHAPTER 7: CONTROLLING
    CONCEPT AND NATURE OF DIFFERENT CONTROL METHODS AND TECHNIQUES IN ACCOUNTING
    AND MARKETING

    Learning Objectives:
    1. Define Controlling;
    2. Enumerate the different control methods; and
    3. Distinguish control methods and system.
    CHAPTER 7: CONTROLLING

    CONTROLLING
    - is a management function that ensures
    the work performance of the
    organization’s members is inline with the
    organization’s values and standards. .
    THE FIVE MANAGEMENT FUNCTIONS

    Planning

    Controlling Organizing

    Leading Staffing
    CHAPTER 7: CONTROLLING

    THE CONTROL PROCESS:


    STEP 1: ESTABLISHING STANDARDS : STEP 3: TAKING ACTION
    Setting criteria for performance. Managers - involves the correction of deviations from
    must identify priority activities that have to be set standards. Managers may rectify
    controlled, followed by determining how these deviations by modifying their plans and goals,
    activities must be properly sequenced. by improving the training of employees, by
    firing inefficient subordinates, or by practicing
    STEP 2: MEASURING AND REPORTING more effective leadership techniques.
    ACTUAL PERFORMANCE AND
    COMPARING IT WITH SET STANDARDS:
    – is essentially the monitoring of performance.
    Managers must develop appropriate information
    systems which will help them identify, collect,
    organize, and disseminate information.
    CONTROL METHODS
    - are techniques used for measuring an organization’s financial stability,
    efficiency, effectiveness, production, output, and organization
    member’s attitudes and morale.
    CONTROL METHODS

    QUANTITATIVE METHODS NON-QUANTITATIVE METHODS


    - make use of data and - refer to overall control of performance instead of
    different quantitative tools only those of specific organizational processes.
    for monitoring and These methods use tools such as inspections,
    controlling production reports, direct supervision, and on-the-spot
    output. checking and performance evaluation or counseling
    to accomplish goals.
    - A. BUDGETS - A. FEEDFORWARD CONTROL.
    - B. AUDITS - B. CONCURRENT CONTROL.
    - C. FEEDBACK CONTROL
    - D. EMPLOYEE DISCIPLINE
    - E. PROJECT MANAGEMENT
    CONTROL METHODS

    QUANTITATIVE METHODS
    - make use of data and different quantitative tools for monitoring and controlling
    production output.

    - A. BUDGETS : The budget remains the best-known control device. An


    organization’s budget is an expression in financial terms of plan for meeting the
    organization’s goals for a specific period.

    - B. AUDITS : Internal auditing involves the independent review and evaluation of the
    organization’s nontactical operations, such as accounting and finance.

    - It measures and evaluates the effectiveness of management controls.


    ACTIVITY 7.1: Match the description in column A with the word/phrase in column B
    ACTIVITY 7.1: Match the description in column A with the word/phrase in column B

    F
    G

    A
    B
    ACTIVITY 7.2:
    ACTIVITY 7.2:
    ACTIVITY 7.2:
    ❑ The most commonly used technique
    is to look at the historical demand
    and actual consumption, with the
    assumption of the same economic
    condition.

    ❑ Some firms produce two (2) sets of


    forecasts: one that uses a statistical
    approach and another that relies on
    customer feedback.

    ❑ The senior managers compare the two


    forecasts to see how far apart they are
    before setting a final sales objective.
    Thank you!

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