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Principles of Management

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Presentation on theme: "Principles of Management"— Presentation transcript:

1 Principles of Management
Introduction to controlling

2 The Control Process Measure actual performance
Compare performance to standard Take managerial action Correct performance Revise standard

3 Control Concepts Feedforward controls
Concurrent (= same time) controls Feedback controls

4 Organizational Performance Tools
Financial controls Balanced scorecard Innovation and learning Internal processes Customer Financial Information controls Benchmarking

5 Contemporary Issues in Control
Cross-cultural differences Workplace privacy Customer interactions Corporate governance Board of directors Internal controls


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