Management Control College Essays Samples For Students

Introduction

Control refers to the management function that entails the entirety of processes that effectively inform the manager of up-to-date events in main areas of operations in the organization, as well as facilitate needed changes to be carried out in the organization (Armesh, Salarzehi, & Kord 2010). Through the control process, projected results are achieved through accurate measurement and positive courses of action. Managers are an indispensable part of the control process in the organization; they check and assess the success of relations between stakeholders, such as employees and customers and organization resources and outcomes - inputs and outputs (Siska 2015). ...

Management practices of planning, leading, organizing, staffing and controlling are implemented in the workplace in diverse ways. Good management is evidently linked with superior performance and it is reasonable to expect any firm to make any practices a preference. Notably, the techniques of good managerial practices are available in the public domain and are incredibly accessible forms. Arguably, planners manage resources like; time, land, money and infrastructure. It is fundamental to carefully identify resources, conflicts and constraints (Nikolova, 2012). For instance, on land use, the management may identify areas that are inapt for certain categories of development due to various ...

Question 1

You have just been hired by a large organization to serve as a first line supervisor, but because you are in an influential department, you have the opportunity to meet the top managers at a company party and to dialogue with the CEO on his responsibilities. Knowing the responsibilities and types of decisions made by top management as we studied them in organization theory, what would you discuss the organization with the CEO?

Response:

Awareness is necessary with preparedness for the conversation or discussion with the CEO about the organization. Initially, I would discuss about the advantages of the organization as a tool to ...

Alternative perspective on management

In management and organizational studies, there is seemingly one way used to analyze aspects of management. However due to the scientific nature of management and organizational studies, there are alternative critical approaches used to analyze various aspect of management. Looking at the definition of management and organization, one can easily say that both concepts are as old as the history of human beings. In the historical period, there were various forms of organizations including armies and states which experienced management and organizational challenges. These challenges highlighted on areas such as human resource management, resource and financial management, branding and ...

Ideally, an organization is a set of people who work together to achieve certain goals. There are many ways to get the organization functioning and make use of various management control measures to achieve the desired goals. Reward system is one such management control method which means to pay rewards or incentives to employees based on their performance.
Although reward systems are introduced to serve multiple aims, the main aim however is to motivate and encourage the employees to perform better and beyond expectations. These rewards have to be externally competitive and must be in proportion to the market ...

The Role of Leadership in Project Management

Leadership is an important aspect of project management. Project team leaders appointed to run a project have the power to determine whether an exercise becomes successful or not. It is, therefore, imperative for project managers to clearly establish their leadership roles in project management. In addition, the managers need to know the necessary skills that will help them successfully carry out their leadership roles.

Nature of leadership and management

Scholars have established that there is a link between the performances of an organization to the approach which the organization takes in regards to the management of its essential resources. This is an aspect referred ...

PART 1: Dark Leadership

Introduction
Dark leadership is defined as the “systemic and sustained behavior by an organizational leader that violates the organizational interests by denting and /or sabotaging the organizations tasks, resources, goals and effectiveness and/or the motivation , wellbeing or job satisfaction” (Sankar,2003, p.112). In recent years, organizational leaders have gained much recognition as agents of entrepreneurship and change. As much as many tend to focus on the positive elements associated with leaders certain liabilities or risks are also entailed (Herbst, 2014). These very behaviors have the power to produce problematic or devastating outcomes for their organizations. This usually takes ...

British Petroleum (BP) originated from the Anglo-Persian Oil Company (APOC) in the early 1900s. Over the years, it has had a long history of working with the Russians that includes its investment in Sidanco and management control. TNK (Tyumenskaya Neftyanaya Kompaniya Tyumen Oil Company), controlled by Alpha Access/Renova, had a series of disputes over Chernogorneft with Sidanco. While Sidanco gained control over Chernogorneft, TNK had a lot of stakes in Sidanco. As a result of the working relationship, both the Russian government and BP exercised good opportunity to work together.
However, BP had an insight into the challenges that lies ahead of ...

Strategic control involves tracking strategies as they are being implemented. It is concerned with problem identification, detection of changes and making changes necessary in a strategy (Hill, Charles, and Gareth 2010, pp 388). As a manager, there is the need to ensure that the company moves to the intended direction or whether the assumptions made about a project or strategy about company trends is correct. In strategic management, strategic control plays a crucial role in the implementation stage by tracking, monitoring and evaluating the effectiveness of implemented strategies, as well as enhancing changes or adjustments when necessary (Thompson, John, and Frank 2010, pp ...

Real Estate Investment

Investment in real estate is a crucial means of investing government funds. There are various suitable equity vehicles which can enable a government to invest in real estate. Investment in real estate may affect the structure of the global financial markets because it will lead to a stiff competition in the market (Baum, 2009, pp 18). Investment of government pension fund of Norway in real estate is supported by some of the Norwegian investment features which are considered as best practices in the international markets. The aim of the government pension fund in Norway is to save and promote an intergenerational movement ...

Business environment is dynamic and has evolved over the years. This has resulted in the development of a number of contemporary accounting changes to cope up with the evolving business environment. These contemporary issues include; computerised accounting, human resource accounting and, social and environmental accounting.
Computerized accounting involves using computers and the various accounting packages for book keeping and production of various financial and managerial reports. This has been necessitated by the need to manipulate larger sums of money and increased complexity of financial transactions.
Human resource accounting involves measuring and recognizing intangible human expertise in management and ...