A feedback control system consists of five basic components: (1) input, (2) process being controlled, (3) output, (4) sensing elements, and (5) controller and actuating devices. These five components are illustrated in Figure 1.…
Q. What is controlling as a function of management?
Control is a function of management which helps to check errors in order to take corrective actions. Control in management includes setting standards, measuring actual performance and taking corrective action in decision making.
Q. What is an example of controlling in management?
For example, if a sales manager makes a target to make the sales of 5 million in one quarter with five salespersons working in his team, then he will give the target of 1 million to every salesperson and will control their actions to achieve the desired results.
Q. What are the four planning activities?
All corporate headquarters undertake four planning activities, What are those activities?
- The activities are:
- (1) defining the corporate mission,
- (2) establishing strategic business units,
- (3) assigning resources to each SBU, and.
- (4) assessing growth opportunities.
Q. What are types of strategic planning?
Strategic Planning Types that Create the Best Results
- Transactional.
- Forecasted transformational.
- Revolutionary transformational.
Q. What are strategic planning methods?
A SWOT analysis (or SWOT matrix) is a high-level model used at the beginning of an organization’s strategic planning. It is an acronym for “strengths, weaknesses, opportunities, and threats.” Strengths and weaknesses are considered internal factors, and opportunities and threats are considered external factors.
Q. What is effective strategic planning?
Strategic planning is an essential process in preparing to carry out your organization’s mission. An effective strategic planning process provides a framework to make decisions on how to allocate organizational resources, address challenges and take advantage of opportunities that arise along the way.
