The essential elements of any control process are
• Establishment of Standards
• Measurement
• Comparing performance with the standards
• Taking corrective actions
Establishment of Standards is the first step in control process. Standards represent criteria for performance. A standard acts as reference line or a basis of appraisal of actual performance. Standards should be set precisely and preferable in quantitative terms. Setting standard is closely linked and is and integral part of the planning process. Standards are used or bench marks by which performance is measured in the control operations at the planning stage, planning is the basis of control.
Measurement of Performance After establishing the standards, the second step is to measure actual performance of various individuals, groups or units. Managementshould not depend upon the guess that standards are being met measurement of performance against standards should ideally be done on a forward looking basis so that deviations may be detected in advance of their occurrence and avoided by appropriate actions.
Comparing Performance with Standards Appraisal of performance or comparing of actual performance with pre-determined standards is an important step in control process.
Comparison is easy where standards have been set in quantitative terms as in production and marketing. In other cases, where results are intangible and cannot be measured quantitatively direct personal observations, inspection and reports are few methods which can be used for evaluation. The evaluation will reveal some deviations from the set standards. The evaluator should point out defect or deficiencies in performance and investigate the causes responsible for these.
Taking Corrective Actions Managers should know exactly where in the assignment of individual or groupduties, the corrective action must be applied. Managers may correct deviations by redrawing their plans or by modifying their goals. Or they may correct deviations by exercising their organizing functions through reassignment or clarification of duties. They may correct, also, by additional stapling or better selection and training of subordinates.
five steps of the deliberate risk management process
steps process strategic management
There are five steps involved in the deliberate risk management process. They include identifying hazards, assessing the hazards, making risk decisions, implementing controls, and supervising and watching for changes.
There are a range of steps involved in restructuring management. Some of these steps include making the actual decision to restructure, create a detailed plan, define the ideal workforce to achieve the objectives and consulting. The process is completed by implementation and measuring the success of the new structuring.
There are five steps involved in the deliberate risk management process. They include identifying hazards, assessing the hazards, making risk decisions, implementing controls, and supervising and watching for changes.
differnt steps research process
five steps of the deliberate risk management process
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The steps that are involved in the process of diagnosing the system, such as a computer, are to begin with the defragmentation of the hard drive. Boot the Windows system in Safe Mode and through the Control Panel, add/remove and re-install or re-configure software and drivers.
InitiatingPlanningExecutionControlClosing
five steps of the deliberate risk management process
five steps of the deliberate risk management process