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Management of a business involves regulating activities so as to achieve the objectives of the business which is to make money. The control process involves setting of targets which are to be attained. The performance of the business is then measured against these targets. Significant deviation could be due to overambitious plans or target, inadequate workforce or inadequate raw materials for the planned level of production. Controls systems help achieve a desired level of performance by checking the on-going activities within the organization. These controls help identify deviations and the reasons for the deviations thus correcting them whenever they occur. The feedback provided by the controls assist the management in making future decisions. A good control system should suit the activities being carried out and be consistent with the objectives and operations of the business. It should therefore be based on the planned objectives of the business. It should also be able to detect deviations fast enough for corrective action to be taken. If it is too slow then it is useless as continuous deviation from the planned path is irreversible. Goals that have been set as control systems must be easy to understand, simple to use and economical to operate. They should provide clear instructions on the corrective actions to be taken whenever there are divergences. When changes occur, the control measures should no doubt be flexible enough so that they can be adjusted easily, especially in this fast growing business world. Such changes could be technological, involving personnel or concerning the product being produced. Stephen is an business management expert. He researches and studies on big and small business strategies . Website: Business Management Strategies for efficient business operations.
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business management, business, control systems, business growth, make money, technology, level of production, production, feedback, targets,
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