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Going straight with the processes of production won’t give any value without proper control over these. Taking control over the measures for an impeccable and dependable financial statement, they have to think about the efficient control. With the increasing competitive market it is getting importance to take the key control of the processes. Businesses have to control their operation because of;
Acquiring organizational goals and objectives is impossible provided that controlling processes are not executed properly. Responsibilities on the way of monitoring and controlling processes are relied on the shoulders of top management. Documentation and approval of the documents should be scrutinized by them. All the functional plans must be included in the documentation process. With the help of actual information, the companies can determine a detailed plan. Finance has to plan with the budget and report the effective procedure to execute its blueprint. Marketing has to report the sale volume and departmental gaining of efficiency level. Control on hiring and training processes will provide the company with skillful workforce.
Taking a vital decision of key functions is getting difficult because of external and internal factors. For determining the paths or solving problems, managers rely on the conducted research. Moreover, they have conducted many tactics to making an overall decision. Power of managers’ decision making can lead to the projected success. Giant business similar to Nokia failed to execute a perfect plan. Lack of modernization and advancing with the trends makes them passing difficult hours these days. Statistics and mapping of future and current situation of the market could help Nokia to sustain its leadership.
Determining decision and acquiring greater control over the processes, managers endeavor a controlling system with stages. Assessment of the current condition of an organization is the first determining issue regarding to control. Finding the drawbacks and options of development are also done in the first step. Comparing with the businesses having effective control is the second step of the loop. The performance with current controlling process is scrutinized by making an overall exploration. Thirdly, a new model is developed for making an efficient control over the processes.
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