Discuss the role of organizational controls and explain their importance.
Expert Answer
A firm has goals to accomplish, resources to help it accomplish and organizational controls are the guides that help in implementing the strategy in a way that goals can be met and firm can operate more efficiently. There are three major roles of organizational controls :
1. Assigning : which resources to put where and how to best utilize them.
2. Evaluation : Evaluation of current level of performance and efficiency of resources
3. Regulation: Taking actions to meet the actual with expected performance level.
Importance :
From making plans effective to
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