Strategic Management: Formulation and Implementation

Sign Of Inadequate Control Systems

Financial control and other control techniques are designed to provide adequate control for the organization. Often, however, management control systems are not working properly. Indicators of the need for a more effectively control approach or revised management control systems are as follows:

Properly used, controls help management respond to unforeseen developments and achieve strategic plan. Improperly designed and used, management control systems can lead a company into bankruptcy.