You are in charge of a mobile paddle board business and you need to come up...
You are in charge of a mobile paddle board business and you need to come up with some kind of controls to monitor the business. What are some controls that you could use to monitor your mobile paddle board business?
Homework Answers
I will deploy the following control measures to monitor the business
- There will be an ethics committee which will monitor whether the business activities are in the ethical dimension of the business or not. If any employee indulging in unethical practice? If yes then stern action will be taken against that employee.
- There will be a team which will be consist of employees of all department like production, marketing, finance, operation who will report to me . The task of the team is to make daily report about how their department is performing and if any derailment happening there. I will make surprise check on any random department to analyze how control is being effective.
- If all these control measures will be effective then definitely result will seen in form of increasing profitability, brand value and brand recognition.
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