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Control may be grouped according to three general classifications: [3] the nature of the information flow designed into the system (open- or closed-loop control) the kind of components included in the design (man or machine control systems) the relationship of control to the decision process (organizational or operational control).
Key control refers to various methods for making sure that certain keys are only used by authorized people. This is especially important for master key systems with many users. [ 1 ] A system of key control includes strategies for keeping track of which keys are carried by which people, as well as strategies to prevent people from giving away ...
Strategic control is the process used by organizations to control the formation and execution of strategic plans; it is a specialised form of management control, and differs from other forms of management control (in particular from operational control) in respects of its need to handle uncertainty and ambiguity at various points in the control process.
Understanding the organization’s internal control program and its financial reporting processes. Identifying the IT systems involved in the initiation, authorization, processing, summarization and reporting of financial data; Identifying the key controls that address specific financial risks;
Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.
Strategic planning through control mechanisms (mostly by the way of a communication program) is set in the hopes of coming to desired outcomes that reflect company or organizational goals. As further supplement to this idea, controls can also be realized in both measurable and intangible controls, specifically output controls, behavioural ...
A key component to the strategic management of inter-organizational relationships relates to the choice of governance mechanisms. While early research focused on the choice between equity and non equity forms, [ 47 ] recent scholarship studies the nature of the contractual and relational arrangements between organizations.
Management control as an interdisciplinary subject. A management control system (MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organization as a whole in light of the organizational strategies pursued.