...have to be quantified and do not have to be financial - Strategies define how organizations should use their resources to meet these objectives – a well-conceived strategy guides employees in successfully pursuing their organizations’ objectives; it conveys to employees what they are supposed to be doing - Strategic control involves managers addressing the question: Is our strategy valid/is our strategy still valid, and if not, how should it be changed? - Management control focuses on execution and it involves addressing the general question: Are our employees likely to behave appropriately? Do our Employees understand what we expect of them? Will they work consistently hard and try to do what is expected of them (will they pursue the organization’s objectives in line with the strategy)? Are they capable of doing a good job? - Managers addressing strategic control issues have a focus primarily external to the organization; they examine the industry and their organization’s place in it - Managers addressing management control issues have a primarily internal focus; they reflect how they can influence employees’ behaviors in desired ways Causes of Management Control Problems 1. Lack of Direction – some employees perform inadequately simply because they do not know what the organization wants from them; therefore, one function involves informing employees as to how they can direct their contributions to the fulfillment of organizational objectives 2. Motivational Problems – even...
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...T.E. /129 /S- 2013 UNIVERSITY OF PUNE Phone : 020-25601218 Fax : 020-25601206 Email : coe@unipune.ac.in Web : http://www.unipune.ac.in EXAMINATION SECTION Ganeshkhind, Pune - 411 007 (Maharashtra) INDIA T.E. (All Branches) November, 2013. Examination Circular No.129 of 2013 Programme of T. E. [ All Branches ( Semester I & II ) 2003 and 2008 Course] Examinations, November, 2013 INSTRUCTIONS FOR CANDIDATES 1. Candidates are required to be present at the Respective College of the examination, fifteen minutes before the time of the first paper and ten minutes before the time of each subsequent paper.(As Per Circular No. 128/2013 Dated: 10.10.2013) Candidates are forbidden from taking any material into the examination hall that can be used for malpractice at the time of examination. No request for any special concession such as a change in time or any day fixed for the University Examination on religious or any other ground shall be granted. Candidates are requested to see the Notice -Board at their place of examination regularly for changes if any, that may be notified later in the programme. Candidates are requested to note the Day, Date and Time of every paper on every day. Candidates are permitted to use stencils at the time of examination. Candidates appearing for the examinations are expected to provide themselves with side - rules. The exchange or loan of side-rules, drawing instruments of other materials used in the examination hall is Not Permitted while the examinations...
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...Letter of Transmittal Sep. 1, 08 Ms. ............... Lecturer Department of BBA Stamford University Bangladesh Madam, We are very glad to inform you that we are going to submit the study report titled "Management Practices in Business Organizations" based on the management practices in Taj King Industries (Pvt.) Ltd a reputed melamine wares manufacturer & exporter In this study report, we have tried to include all the factors we thought essential for previously mentioned title. We have analyzed the factors based on managerial theories & managerial key functions with the proposed options & the events though few things might be omitted due to our limited knowledge & access of information. We are always prepared to provide any kind of information or documents to you on your demand. We will be very grateful if our limited effort is able to draw your kind attention. We expect that you will be kind enough to help us by detecting faults containing in this study report. Your valuable advice will encourage us further. Thanking you Arifur Rahman Md. Al-Amin Tamal Rahan Turzo Rizwana Chowdhury Md. Saidul Mursalin Saber-Al-Mamun Prelude: The name of Taj is entwined with the glory of-the Taj's product. A man gifted with an inherent entrepreneurial sense, Mr. Ataur Rahman started a trading house in 1973, which continued to expand in scope and nature as time went along. In 2000, Taj went into production of melamine-ware. The success was immediate as there...
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...Topic 4.Controlling Topic 1: What is Control and Why Engage in It? Introduction Many people think of the word “control” in the context of manipulating someone or something. They think of control as getting someone to do something that WE want them to do, and it follows that they may NOT want to do it! In management, control has a different meaning. It is simply an information system that provides valuable feedback. In your textbook, control is defined as “the process of monitoring activities to ensure that they are being accomplished as planned and correcting any significant deviations” (Robbins et al., page 308). In other words, you measure the results you are getting and compare this with your objectives and then make any necessary adjustments. Managers who control the finances of an organization are often referred to as “controllers.” These managers use financial control measures on a daily basis. Project managers also use control mechanisms to monitor their projects. Control measures are determined at the beginning of a project and used throughout the life of a project to monitor time, budget, and project scope. The control measures give the project team valuable feedback on how they are doing. Just as feedback is a critical component in good communication, feedback is also a key factor in developing management controls. Measurement controls can be set up in virtually any area of an organization. One area that most people have experience with is the annual performance...
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...Adaptive Traffic Control System Performance measure against which our proposed policy to be tested is green time utilization. This performance measure is estimated by measuring the green time during which vehicles are served for an instance of a given phase and then dividing by the total length of the green time instance (i.e. minimum and maximum green time) The supporting data for green time utilization are as follows: * Allocated minimum and maximum green time * vehicle departure times * Saturation headway These data can be retrieved from the Signal control data and stop line detector. Our objective is to maintain ideal state as long as possible if control system deviates from this ideal state to (over-utilization) or (under-utilization) then by using adaptive control strategy system will take actions by changing existing policy. Objective: max.8≤Ugfk<1 Subject to constraints: g minfk≤gfk≤g maxfk (1) f=AFgfk≤C (2) Here, Ugf= Average time taken by vehiclesAvailable time Ugf=number of departures in phase f× hsat{gmin, gmax} Ugminf= number of departures in phase f× hsat{gmin}, Ugmaxf= number of departures in phase f× hsat{gmax} So, theoretically the green time utilization should follow following condition to be remain in ideal...
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...President of any new internal control requirements if the company decides to go public. (7 points) Instituting a system of internal checks and balances would be foremost in my recommendations to the company president since most internal control systems provide for independent internal verification; this principle involves the review of data prepared by employees. To obtain maximum benefit from independent internal verification: * Companies should verify records periodically or on a surprise basis. * An employee who is independent of the personnel responsible for the information should make the verification. The company should also look at incorporating a Voucher Control System. Most medium and large companies use vouchers as part of their internal control over cash disbursements. A voucher system is a network of approvals by authorized individuals, acting independently, to ensure that all disbursements by check are proper. When looking to hire new employees, it is vital that the company utilize the extensive resources on the web in providing for complete background investigations. A lot of wasted time and energy could be recouped using effective human resource controls. Effective web access controls could likewise prevent embarrassing behavior and lost company time on the part of current employees (i.e. downloading porn, idle surfing/shopping, etc.). More oversight of the petty cash fund would also certainly be in order. “Internal control over a petty cash fund is...
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...K – green Sreenivas – Blue Sajith – orange Biju – consolidate A-1) Romeo Quality Process (RQP) has the objective of ensuring customer expectations are met by understanding their product preference and deploying it in the manufacturing process. RQP is a disciplined approach to total process design and planning to achieve minimum in-process variation and deliver to the customers zero defect engines. Continuous production and quality process improvement:- Flexible work assignment and commitment to production Waste and scarp elimination Cost reduction activities Increased thru put by removing bottleneck A-2) Forming teams responsible for manufacturing, engineering, Quality Control, Production systems and supplier relationships. Laid down target levels for product and process characteristics adapting a Zero defects philosophy. Defective engines during the manufacturing process were scrapped adapting a no rework approach. Engine Exchange Program ; In case of engines which are already delivered to the customer or are already fitted into cars, where there are problems which cannot be solved by minor repair, engines are exchanged with new ones and the complaint ones are brought to the factory for evaluation. Complaint form and Action plan; Quality problem are logged in to a complaint form and action plan were prepared. Action plans has to be prepared within 24 hours and shall specify the defect, the solution and steps...
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...KTH Homework assignment ME2028 Behavioral Management Control Andreas Torbiörnsson 09 How could each of the control problems at Leo´s Four-Plex Theater be solved with the use of Cultural control? Cultural control is a type of control that encourages mutual monitoring1 and it builds a lot upon group pressure. The main idea of cultural control is to get the employees to watch over each other and to create a culture that has certain things that you specifically do or don’t do. It aims to set up shared beliefs and norms in that company, rules of behaving that everyone abides by. The case of Leo’s Four-Plex Theater has a number of control problems that I can identify. They are as follows: Discrepancies in the cash counts of the ticket booths. Most likely caused by a lack of motivation that leads to employee theft and neglecting of duties. The employees working in the refreshment stand sometimes do not collect cash from customers or doesn’t register the sale on the cash register. This is also most likely caused by a lack of motivation, it can’t be lack of direction since they know what they should do and neither could it be a personal limitation since they know how to operate the machine and how to collect payment. The problem seems to be that they don’t know why they should collect the cash. Test counts reveal that the number of tickets sold or put into the stub box isn’t equal to the amount of customers entering and leaving the theater. This seemed to be caused by three...
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...ABSTRACT The extant literature on inter-organizational control distinguishes the main control problems as coordination problems and appropriation concerns. The present study focuses on coordination problems and is intended to understand the process leading to the hybrid nature of inter-firm coordination modes and the role of information in this process. In a theoretical part, after discussing the main critical assumptions underlying coordination studies, an integrative framework is proposed to conceptualize the coordination process and describe the role of information in this process. In Particular, the framework assumes inter-firm settings as a-centered and a-static, whence the relevance of an interpretive approach where coordination is viewed as a process characterized by dialectic interactions between coordinating actors. The empirical part of the study is aimed at verifying the explanatory power of the framework studying a case of outsourcing relations in a divisionalized company operating in the semi-conductor industry. The case provided useful data giving new insights that enrich the framework. Keywords: coordination; information; system;: process; inter-organizational relations. Revised version July, 5 2011 1. Introduction Inter-organizational relations have become a widespread and problematic phenomenon which, from the management control perspective, has required the design and implementation of control systems at a distance (Mouritsen et al, 2001). Coordination is...
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...RECOMMENDATION There are many problems in this Delima Enterprise Sdn. Bhd. case. The first problem is the documents were not properly pre-numbered, recorder and documented. Sales invoices were manually produced and not pre-numbered. Besides that, monthly statement of account was not periodically prepared but only set up and send to customer when payment had been long outstanding. The recommendations to this problems is the documents such as invoices, purchase order, delivery order and many more should be properly pre-numbered so that it is easy to trace if there were missing documents. Then, Delima Enterprise should invest in more integrated accounting software such as UBS. They also should prepared the monthly statement periodically and update the control accounts. The second problem is there is no segregation of duties in the company. En. Zayed does not exercise his duties properly as to segregate management duties equally among the employees of the company that he may thinks fit to...
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...maintained several linux computers dedicated to the project. Interpreted code was originally designed for modeling how nuclides migrated through soils at Yucca Mountain. Had regular performance reviews with my professor. | Starbucks Coffee Company East Greenwich, RI Shift Supervisor February 2006-July 2007 | Manage a team to ensure rapid customer turnaround. Training new employees per company guidelines. Trained cash controller. Promote long-term goal of customer’s loyalty and satisfaction. | The Chocolate Delicacy, LLC East Greenwich, RI Technology Manager February 1994-Current | Ensure stability and function of process control equipment, network. Build multiple site to site virtual private networks. Design of “Chocolate Temper Testers,” a process quality control device to find chocolate crystallinity. | Education | University of Rhode Island Chemical Engineering, biological track. (120 credits) GPA: 3.66 (GPA...
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...Introduction Here is a project using the printer port of a PC, for control application using software and some interface hardware. The interface circuit along with the given software can be used with the printer port of any PC for controlling up to eight equipments. The interface circuit is drawn for only two device, being controlled by D0 and D1 bit at pin 2 and pin 3 of the 25-pin parallel port. Identical circuits for the remaining data bits D2 through D7 (available at pins 4 through 9) have to be similarly wired. The use of opto-coupler ensures complete isolation of the PC from the relay driver circuitry. Lots of ways to control the hardware can be implemented using software. In C/C++ one can use the out port b (portno, value) function where portno is the parallel port address (usually 378hexfor LPT1) and 'value' is the data that is to be sent to the port. For a value=0 all the outputs (D0-D7) are off. For value=1 D0 is ON, value=2 D1 is ON, value=4, D2 is ON and so on. e.g. If value=29(decimal) = 00011101(binary) ->D0, D2, D3, D4 are ON and the rest are OFF. II. Background of the Study In the fast growing world today, it is necessary to control the home from remote locations. Every home is different, and just like you have to instruct your maid in the operation of your home, you have to instruct your PC in your personal preferences. A home automation system is a means that allow users to control electric appliances of varying kind. Home automation is also known...
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...Contol Systems/Robotics Research Paper Home Heating System March 10, 2014 I. Introduction In our present world, the advancement of technologies is rapid. Technologies today are so important that it is now part of humanity. It is the desire of man to be more efficient that made technologies bloom as it is now. Many applications of technologies became wider as people grow much more intellectual by countless experimentation throughout the history of humanity. One of the said applications of technology can be seen in our very home, especially in controlling the temperature inside. This application can be seen in homes where temperatures can drop below 16 degrees Celsius. Homes that are located in tropical regions mostly do not have this application because temperatures are 16 degrees Celsius higher. Homes today are more sophisticated, with its advanced technology systems like security, automation, etc. that were not being integrated in homes for the past years. We may see that in the distant past, things like cooking, cleaning and etc. will all be done by technology and with little intervention by humans. A heating system is a system where the temperature inside our homes are being monitored and controlled based on the desired temperature given by a person. The system consists of a controller that allows a person to control and maintain temperature inside the house. The system also has an actuator which consists of servo motors for mechanical operations of the system. It...
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...SN 31159 221 SXY Management Control Prof. Chan Case 12-2. Crow Point Cabinetry 1. What is the strategy of Crow Point Cabinetry? Crow Point Cabinetry first strategy is that it got rid of the management layers in the production department and formed a team-based management system to empower employees. Then it implemented a gainsharing incentive system to its employees to reduce labor costs and increase earnings of employees. To prevent “backorders” from customers, a penalty/reward system was used and it worked bring in more satisfied customers. And lastly, communication among employees, between the employees and the management team and between the shareholders were kept open because of the team-based structure implemented. 2. What is responsible for the company’s turnaround? Mr. Brian Stowell’s move to lay out the company vision and goals for the employees started the company’s turnaround and improve the performance of the company. But it still took painstaking effort to change the existing systems and improve processes. Eventually, the employees responded by being productive and “return the favor” to the company 3. Is the Crown Point experience transferable to other business settings? Yes it is transferrable, especially to growing companies that need management control systems as they grow. It is important that the company will set its vision and goals like what Mr. Stowell did and pursue changes to realize these vision. Management...
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...Four Types of Control Mechanisms Control mechanisms are used to monitor progress and evaluate performance. System control, Bureaucratic control, Market control, and Clan control are all mechanisms that Target use to operate at peak performance. System control uses a set of procedures designed and established to check or regulate a resource or system. Bureaucratic control consists of formal rules and regulations that establish authority. It also set standards and regulate employee behavior through rules, policies, hierarchy of authority, written documentation, reward systems, and other formal mechanisms used to also influence employee performance. Examples of the bureaucratic control system could be audits or Code of Business Conducts. Market control adjusts activities by analyzing the competition, analyzing profit and loss and converting economic information. Some examples of market control would be cash flow statements, budgets, marketing research, sales analysis, etc. Clan control, the opposite of bureaucratic control, embodies cultural values, beliefs, corporate culture, shared values, traditions, professional standards and even informal relationships to aid the reaching of organizational goals and control behavior. A few examples of clan control would be dress styles and work hours. A real life example can be seen with the success of Japanese firms recently which American corporations began to take note of and even emulate. Because Japanese firms operate more like families...
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