In: Economics
What are the main differences between "special alert control" and "strategic surveillance"? Provide an example of each and explain how they help in readjusting strategy?
What are the main differences between "special alert control" and "strategic surveillance"? Provide an example of each and explain how they help in readjusting strategy?
"Management control is the set of measurement, analysis, and action decisions required for the timely management of the continuing operation of a process".
Estimation:
Vital control requires information from more sources. The run of the mill operational control issue utilizes information from not very many sources.
Key control requires more information from outside sources. Vital choices are regularly taken concerning the outside condition instead of interior working elements.
Key control are situated to what's to come. This is rather than operational control choices in which control information offer ascent to quick choices that have prompt effects.
Vital control is progressively worried about estimating the precision of the choice preface. Working choices will in general be worried about the quantitative estimation of specific results.
Strategic control standards are based on external factors. Measurement standards for operating problems can be established fairly by past performance on similar products or by similar operations currently being performed.
Strategic control relies on variable reporting interval. The typical operating measurement is concerned with operations over some period of time: pieces per week, profit per quarter, and the like.