management control
Học thuậtThân thiện
Definition
Noun: 1. A process of internal control performed by one or more managers: This refers to the systems, policies, and procedures established by an organization's management to ensure objectives are achieved, resources are used efficiently, and financial reporting is reliable. It is a subset of the broader internal control framework.
Usage Examples
- Noun:
- Effective management control is essential for achieving strategic goals.
- The audit committee reviewed the company's management control procedures.
- A lack of proper management control can lead to operational inefficiencies.
Advanced Usage
- "to exercise management control": To actively implement and oversee control procedures.
- The board must exercise strong management control during the merger process.
- "span of management control": Refers to the number of subordinates a manager can effectively supervise.
- A wide span of management control requires highly autonomous employees.
Variants and Related Words
- Internal Control (n): A broader term encompassing all processes for achieving organizational objectives, including operational, reporting, and compliance goals. Management control is a key component of this.
- Managerial Control (n): Often used synonymously with management control.
- Controlling (n/gerund): One of the five classical functions of management (planning, organizing, staffing, leading, controlling). Management control systems are the tools used for this function.
Synonyms
- Administrative Control: Control exercised through organizational policies and procedures.
- Operational Control: Focuses on the efficiency and effectiveness of specific operations, often a part of management control.
Related Phrases
- Control Environment: The foundation for all other components of internal control, set by management's attitudes and actions.
- Management Information System (MIS): A system that provides data to support management control decisions.
Noun
- an internal control performed by one or more managers