Exam 13: Foundations of Control

The key to feedforward control is to take action before a problem occurs.

Application of Designing a Control System Gina realizes her unit needs to make some changes in its control system. However, she is uncertain which will work best for her organization. They are just one unit among five. She could base her unit's performance on their distinct product, and turn her unit into a profit center and evaluate against the company total. She could also use more heavily the rules, policies, regulations, and procedures already in place. She has not strictly enforced many of the regulations established by the home office. Part of the reason for this is that her unit is fairly self- regulating. The work groups set their goals and insure those goals are attained. Little latitude is allowed for a worker who does not meet the group norms. -A reorganization is announced in which Gina's unit is going to be consolidated along with the other four units into a centralized structure to reduce cost. The consolidated unit will report to the VP of sales as a part of a much larger group. In this situation what form of control system will most likely be adopted by the unit?

Which of the following is not listed as a key challenge for an entrepreneur?

Describe the factors that impact the growth of an entrepreneurial business. What specific controls would be most appropriate to stimulate growth within an entrepreneurial venture?

_____________is the process of monitoring activities and correcting any significant deviations.

_____________is one of the most important goals of an entrepreneur.

Market control is the control approach used most often in organizations in which teams are common and technology is changing rapidly.

A company in which teams are widely used, like SAS Institute, will frequently use which type of control?

_____________is a natural and desirable outcome for entrepreneurial ventures.

Control systems such as _____________ are used by companies operating in less advanced countries.

The planning function develops the standards that management uses as specific performance indicators.

In a multinational company spread out across many locations, methods of controlling employee behavior

The higher one's position in the organizational hierarchy

Today, 80% of all businesses surveyed by the American Association indicated they monitor employees.

An effective control system ensures that activities are completed in ways that maximize profits.

Compare and contrast the three types of control.

Multinational organizations tend to rely on informal controls.

Highly centralized decision- making is characteristic of managerial control in less advanced countries.

Effective control systems monitor everything happening in the organization.

Control that depends on standardization of activities, well- defined job descriptions, and budgets would be an example of