Class: Let’s move on to more specific controls. Controls can be implemented and
ID: 461712 • Letter: C
Question
Class: Let’s move on to more specific controls. Controls can be implemented and focus on segments such as financial controls, physical controls, information controls, and human resources etc. and can be further broken down to include areas of financial, structural, strategic levels and operations...WOW that’s a lot of controls! What does all this mean...let me give you some examples...
Can anyone identify and explain the three forms of operations control? Now, think like a Manager, can you give an example of any one of the three forms of controls from your place of business?
Straight forward answer please. Thank you.
Explanation / Answer
Examples of Control
All the payments of invoices above $200 must be verified by purchasing departments and then payments is to be made after the approval of Finance manager.- Example of Finance Control
All the staffs in factory are requested to walk only through the tracks drawn - Safety and Operation control , Inside factory.
All the functional level strategy must be cope with corporate Strategy. If the functional strategy is not matching with corporate strategy, then there is disparity between people at the top and functional departments.- Strategic Control.