Summary



Controlling


  • Controlling is the fourth aspect of management and it is as crucial as planning, leading, and organizing.
  • The measure of performance is the second step of four feedback model and it is important to know our own indicator of performance.
  • Illusions of control occur when one overestimate their ability to control an event.
  • There are two methods of control which are hierarchical and decentralized control.
  • Financial control is important to ensure that we always afford our expenses.

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