About This Chapter
Controlling in Organizations
A workplace wouldn't be very effective or conducive to productivity if everyone was always doing exactly what they wanted, when they wanted, all the time. To that end, controlling can be an important function of management. In these lessons, you'll learn about the various control mechanisms that can be used to help workers reach organizational goals.
You'll be introduced to the four steps that are involved with the organizational control process. Additionally, you'll learn about the three types of organizational controls, which include feedforward, concurrent, and feedback controls. Financial controls are also discussed, and you'll learn relevant vocabulary words, such as financial statement, balance sheet, income statement, financial ratio analysis, and financial audits.
A wide variety of controls are discussed in these lessons. You'll learn about why and how budget controls are used, and you'll be introduced to concepts like market research, test marketing, and marketing statistics. Marketing controls are also discussed, and in that lesson you'll find out about things like market research, test marketing, and marketing statistics.
Finally, you'll be introduced to the concepts related to human resources controls. Controls in this field include performance appraisals, disciplinary programs, and observations. The lessons also explain the purpose of computer and information controls, including things like performance limitations.
1. Financial Controls in Organizations
Organizations have to deal with a lot of money. How do they keep it all straight? In this lesson, we're going to explore the concept of financial controls and see how these can be used to help organizations manage their resources.
2. Budget Controls: Top-Down, Bottom-Up, Zero-Based & Flexible Budgeting
In this lesson, we will explain the purpose of budget controls and explore several key related concepts including top-down budgeting, bottom-up budgeting, zero-based budgeting and flexible budgeting.
3. The Financial Planning Process
Financial planning is essential for the success of any business. In this lesson, you'll learn about the financial planning process that businesses perform, including preparation of a master budget, capital budget and cash budget.
4. How to Prepare a Budget for a Corporation
Budgets are some of the most important documents that a company will produce. In this lesson, we'll learn how to prepare a budget for a corporation, starting by planning the budget and ending with distribution.
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Other chapters within the Business 101: Principles of Management course
- Management Basics
- Classical School of Management
- Behavioral School of Management Theory
- Contemporary and Future School of Management Theory
- Organizational Change
- Organizing in Business Management
- Work Teams
- Leading in Organizations
- Leadership Theory
- Motivation in the Workplace
- Communication in the Workplace
- Human Resources
- Strategic Management and Managerial Decision Making
- Production and Quality Assurance
- International Management and Contemporary Issues
- Studying for Business 101