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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Control in a business setting, or organizational control, involves the processes and procedures that regulate, guide, and protect an organization. It is one of the four primary managerial functions, along with planning, organizing, and leading.courses.lumenlearning.com/wm-principlesofmanag…Control in management definition refers to a process that involves monitoring and comparing the actual performance against the set standards and taking corrective actions when necessary. Besides facilitating coordination in the organization, the systematic exercise helps businesses plan.www.wallstreetmojo.com/control-in-management/In a business or management context, control is the activity of observing a given organizational process, measuring performance against a previously established metric, and improving it where possible. Organizations are made up of operational processes and systems, each of which can be iterated upon and optimized.courses.lumenlearning.com/wm-introductiontobusi…Definition: Control is a primary goal-oriented function of management in an organisation. It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action.businessjargons.com/controlling.html
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What Does Control Mean in the Business Setting?
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WEBJul 24, 2023 · Control in a business setting, or organizational control, involves the processes and procedures that regulate, guide, and protect an organization. It is one of the four primary managerial functions, along …
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WEBThe basic control process, wherever it is found and whatever it is found and whatever it controls, involves three steps: (1) establishing standards. (2) measuring performance against these standards. and (3) correcting …
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WEBRecognizing that organizational controls can be categorized in many ways, it is helpful at this point to distinguish between two sets of controls: (1) strategic controls and (2) management controls, sometimes called …
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