Question

What are the steps managers use to design a control system for their firm?

Answer 1

Ans. The subsequent steps managers must use to style an control system for their firm:

• To Enhance Performance: A manager must keep an emphasis on performance standards that are generally created by the management team. These standards may be physically measurable, or they'll be personality or human-based standards.
• Measurement of the Performance: A manager may ask his team to explain what they think personality standards are. These standards also include less measurable things like behaviors, morals, and work ethic. A manager must emphasize the importance of getting solidarity and treating staff and customers with the utmost respect. Thus, these standards are important to customer service, but they're also important to the happiness of staff.
• Comparing Actual Performance with Standards: Once a manager knows what the performance standards are, he has to measure; here measuring means obtaining quantitative amounts as each measure will give an idea of how the corporate is performing.
• Actions to correct the mistakes: A manager after comparing the performance to the standard has to look at the particular performance and then compare the performance to the standard by determining whether the measure is reaching your goal.