Controlling

Techniques used for measuring an organization's financial stability, efficiency, effectiveness, production output, and organization members' attitudes and morale.

• Control methods

• Methods of control

• Quantitative Method

( balance sheet, income statement, cashflow statement etc. )

• Sales

• Management control in marketing

• Management control in accounting and finance

Refers to the overall control performance instead of only those of specific organizational processes.

• Non-Quantitative method

• Control methods

• Quantitative method

Prevents problems because the managerial action is taken before the actual problem occurs.

• Feed forward Control

• Concurrent Control

• Feedback Control

The most desirable method under non-quantitative method because of its preventive action.

• Feed forward control

• Concurrent Control

• Feedback control

Determines if the organization is carrying me inventory than what it needs.

• Leverage Ratio 

• Activity Ratio

• Profitability Ratio

Determines the profits that are being generated.

• Liquidity Ratio

• Leverage Ratio

• Profitability Ratio

An approach or process of measuring a company's services and practices against those of recognized leaders in the industry to identify areas for improvement.

• Employee Discipline

• Strategic Control

• Benchmarking

Systematic monitoring at control points that lead to change in the organization's strategies based on assessments done on the said strategic plans.

• Employee Discipline

• Strategic Control

• Benchmarking

Make use of data and different quantitative tools for monitoring and controlling production output.

• Control Methods

• Quantitative Method

• Non-Quantitative Method