What are informal management control systems? Are they important? Why or why not?
What are informal management control systems? Are they important? Why or why not?
Homework Answers
Informal Management Control Systems
In almost all organizations, there are certain unwritten, people intiated mechanisms that influence the behaviour of people in business units. These mechanisms are INFORMAL Management Control Systems.
Yes these are very important. They are equally if not more, important as the Formal control systems are.
In the absence of such systems, the running of an organization wouldn't be smooth.
Example of such systems would be the good behavior expected from managers and their subordinates. Imagine the managers being very rude and arrogant or the subordinates answering back and being rude. It would be such a difficult situation for the HR to control.
Add Answer to:
What are informal management control systems? Are they
important? Why or why not?
Explain why modelling is an important tool for designing control systems. Briefly describe a typical design...
Explain why modelling is an important tool for designing control systems. Briefly describe a typical design procedure for control systems which employs modeling.
The informal management control system includes the shared values, loyalties, and mutual commitments among members of...
The informal management control system includes the shared values, loyalties, and mutual commitments among members of the organization, the company's culture, and the unwritten norms about acceptable behavior for managers and other employees. Briefly explain the formal and informal management systems and enlist their components. Axelia Corporation has two divisions, Refining and Extraction. The company's primary product is Luboil Oil. Each division's costs are provided below: Extraction Variable costs per barrel of oil $7 Fixed costs per barrel of oil...
When implementing information technology solutions for data/information management systems or knowledge management systems, what considerations must...
When implementing information technology solutions for data/information management systems or knowledge management systems, what considerations must be made? Is there a difference between data-based systems and knowledge-based systems, and why would it be important for large organizations to have a knowledge management strategy?
EDMS "Electronic Document Management Systems" what is the overall purpose for it? Describe 3 management solution...
EDMS "Electronic Document Management Systems" what is the overall purpose for it? Describe 3 management solution controls that support EDMS, why are they important; provide an example.
discuss the basic concept of management control systems (mcs)
Discuss the basic concept of Management Control Systems (MCS)
Why is the study of financial management important? What is the difference between financial management and...
Why is the study of financial management important? What is the difference between financial management and accounting? Please answer the questions in a complete paragraph. Make sure you respond to another student's post by day 7 Why is the study of financial management important? What is the difference between financial management and accounting? Please answer the questions in a complete paragraph. Make sure you respond to another student's post by day 7
What are some of the important Strategic, Ethical, and Social Issues in Management Information Systems? Explain...
What are some of the important Strategic, Ethical, and Social Issues in Management Information Systems? Explain in a couple of paragraphs. Looking for original content.
What is training and why is it important? (human resources management)
What is training and why is it important? (human resources management)
What is the organizational control system? What is “organizational slack” and why is it important for...
What is the organizational control system? What is “organizational slack” and why is it important for supporting entrepreneurial initiatives? What does it involve to manage slack? Cite your sources.
What governance control for the IT system you think is most important, and Why?
What governance control for the IT system you think is most important, and Why?
Explain why modelling is an important tool for designing control systems. Briefly describe a typical design procedure for control systems which employs modeling.
Why is the study of financial management important? What is the difference between financial management and accounting? Please answer the questions in a complete paragraph. Make sure you respond to another student's post by day 7 Why is the study of financial management important? What is the difference between financial management and accounting? Please answer the questions in a complete paragraph. Make sure you respond to another student's post by day 7
Most questions answered within 3 hours.
-
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 1 hour ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 2 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 2 hours ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 2 hours ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 3 hours ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 3 hours ago -
Under all the various types of market structures, firms
must eventually earn some economic profits for...
asked 3 hours ago -
Consider the following fitness regime for a single locus trait
with two co-dominant alleles: w11 =...
asked 3 hours ago -
A large cable company reports the following.
80% of its customers subscribe to its cable TV...
asked 3 hours ago -
Please answer the question in brief.
Discuss the role of ERP in organizations. Are ERP tools...
asked 3 hours ago -
Discuss the pros and cons of collaborative software such
as SameTime. Does it increase productivity? What...
asked 3 hours ago -
Buying your in-laws a gift because it’s expected is
due to the ____________ motive of gift-giving....
asked 3 hours ago