What is control, what is its purpose, and why do organizations need it?
Organization`s Control
Control in general is a device or mechanism used to regulate or guide the operation of a machine, apparatus, or system. Control in business setting, or organizational control, involves the processes and procedures that regulate, guide, and protect an organization. It is one of the four primary managerial functions, along with planning, organizing, and leading. One common type of control companies use is a set of financial policies. Organizational control is an important function because it helps identify errors and deviation from standards so that corrective actions can be taken to achieve goals. The purpose of organizational control is to ensure that a specific function is performed according to established standards.