Accounting technicians scheme west africa
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| E.5 Types of Control (A) Control based on level in the organisation. These are (i) Strategic Control: Control at this level is the responsibility of the top management of the organisation. It involves monitoring critical environmental factors that could affect the viability of strategic plans, assessing the effects of organisational strategic actions, and ensuring that strategic plans are implemented as intended. Strategic control efforts concentrate on relatively longtime frames such as quarterly, semiannual and annual reporting cycles. But if the environment is not stable particularly where competition is rife, the reporting cycle could be monthly or less and top level managers could make use of tactical and operational control to ensure that tactical operational plans are effectively and efficiently implemented. iii bTactical Control: Its focus is on the implementation of the tactical plan at the departmental levels, monitoring results from the departments, and taking corrective actions when necessary. The responsibility for tactical control is on the middle-level managers who are responsible for the realisation of departmental goals and objectives. The middle-level managers are also involved in operational control, at least to the extent of checking on some of the more critical aspects of the operations. Plan implementation will have enduring impact on tactical plans. 168 iii) Operational Control: This is the responsibility of the lower-level managers and it involves the monitoring of the day-to-day efforts and results of the operatives. It is the general overseeing of the implementation of the operating plans. The control here has to be well designed because if errors are not detected at this level, it may have a strong negative implication on the entire organisation. iv) Financial Control: This is concerned with the organisation’s financial resources monitoring receivables to make sure customers are paying their bills on time is an example of financial control. vi bOperations Control: This focuses on the processes the organisation uses to transform resources into products or services (quality control is one type of operations control. vii bStructural Control: This is concerned with how the elements of the organisation’s structure are serving their intended purposes. Download 3.37 Mb. Share with your friends:
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