Performance Indicators

Business Management and Administration

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Managerial control is the process of achieving defined goals within an established timetable. Management control is understood to have three components: setting standards, measuring actual performance and taking corrective action. There are two types of control: process and organizational. Process control includes activities involved in ensuring a process is predictable, stable, and consistently operating at the target level of performance with only normal variation. Organizational Control is the process of establishing and maintaining authority over and throughout a business.

Strategic Management

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Describe the nature of managerial control (control process, types of control, what is controlled) (SP)

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