This document discusses organizational control systems and managing finances and people. It covers topics such as measuring and controlling performance, feedback loops, functional department control systems, establishing control systems through setting objectives and standards, and measuring and correcting performance. Financial controls and budget setting are also summarized, including revenue/expenditure operating budgets, capital expenditure budgets, and financial budgeted statements. Coaching, counseling, problem employees, and discipline are briefly covered as well.
Exploring Competency Potential with Lumina Select by Julie EnsorLumina Learning
What is competency potential, how can it be measured, and how does Lumina Select draw upon it for assessing candidates for selection?
Watch a video of Julie giving this presentation: https://youtu.be/Bv5K8Vij9GE
Read her article on the topic: https://luminalearning.com/introducing-lumina-select
A manager deals with different people in an organization and gets the desired results within the given time. The core skills a manager should possess are work delegation, team management, time management and planning. But, to be successful, she/he needs to inculcate the right attitude and skills. Here is presentation that highlights on managerial skills that a person should develop to fulfill his duties effectively and efficiently.
Exploring Competency Potential with Lumina Select by Julie EnsorLumina Learning
What is competency potential, how can it be measured, and how does Lumina Select draw upon it for assessing candidates for selection?
Watch a video of Julie giving this presentation: https://youtu.be/Bv5K8Vij9GE
Read her article on the topic: https://luminalearning.com/introducing-lumina-select
A manager deals with different people in an organization and gets the desired results within the given time. The core skills a manager should possess are work delegation, team management, time management and planning. But, to be successful, she/he needs to inculcate the right attitude and skills. Here is presentation that highlights on managerial skills that a person should develop to fulfill his duties effectively and efficiently.
the presentation is regarding controlling techniques used in all the fileds where management roots itself. From basic to advanced controlling techniques we have tried to make the presentation elaborate and easy to understand
performance measure
,
why measure performance
,
the value concept
,
measure what matters
,
why accounting measures of performanceare not ade
,
lead indicators as value drivers
,
financial performance can be measured by
,
internal business process measures
,
the objectives of six sigma
,
difference between tqm and six sigma
,
malcolm baldrige national quality award
What ISO Management Systems can learn from Balanced Scorecard?PECB
Balanced Scorecard is a Strategy Management System developed by Professors Kaplan and Norton. It is probably the most comprehensive system/tool in the modern world. It allows an organization balance its Strategy across 4 perspectives (Financial, Customer, Internal Process and Learning and Growth Perspectives). It further lets an organization break down each of these 4 perspectives based on 4 criteria which are Objectives, Measures, Target and Initiatives. There is a lot that ISO Implementers and Auditors need to learn from a Balanced Scorecard that will help in better delivering ISO engagements. This webinar will take a critical look at what is Balanced Scorecard and what ISO Consultants need to know to about it.
Main points covered:
• What is a Balance Scorecard?
• How Balance Scorecard allows organization to balance its Strategy across 4 perspectives (Financial, Customer, Internal Process and Learning and Growth Perspectives)
• How an organization breaks down each 4 perspective based on 4 criteria (Objectives, Measures, Target and Initiatives)
Presenter:
This webinar was presented by Orlando Olumide Odejide, who is the Chief Trainer for Training Heights Limited. Orlando is an experienced Enterprise Architect and Programme Director working on various technology solutions including SharePoint, SQL Server, Oracle, SAP, Odoo and Qlikview Technologies for clients in the Financial Services, Government and Manufacturing Sectors.
Link of the recorded session published on YouTube: https://youtu.be/XPPj9XhXl0s
Budgetary Controlling Techniques Budgeting is the formulation of plans for a given future period in numerical terms. Organizations may establish budgets for units, departments, divisions, or the whole organization.
Budgetary Control Techniques
budgetary control methods
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planning tools for budgetary control
risk controlling techniques
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controlling management process
organizational control methods
control methods in business
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the control function of management
the presentation is regarding controlling techniques used in all the fileds where management roots itself. From basic to advanced controlling techniques we have tried to make the presentation elaborate and easy to understand
performance measure
,
why measure performance
,
the value concept
,
measure what matters
,
why accounting measures of performanceare not ade
,
lead indicators as value drivers
,
financial performance can be measured by
,
internal business process measures
,
the objectives of six sigma
,
difference between tqm and six sigma
,
malcolm baldrige national quality award
What ISO Management Systems can learn from Balanced Scorecard?PECB
Balanced Scorecard is a Strategy Management System developed by Professors Kaplan and Norton. It is probably the most comprehensive system/tool in the modern world. It allows an organization balance its Strategy across 4 perspectives (Financial, Customer, Internal Process and Learning and Growth Perspectives). It further lets an organization break down each of these 4 perspectives based on 4 criteria which are Objectives, Measures, Target and Initiatives. There is a lot that ISO Implementers and Auditors need to learn from a Balanced Scorecard that will help in better delivering ISO engagements. This webinar will take a critical look at what is Balanced Scorecard and what ISO Consultants need to know to about it.
Main points covered:
• What is a Balance Scorecard?
• How Balance Scorecard allows organization to balance its Strategy across 4 perspectives (Financial, Customer, Internal Process and Learning and Growth Perspectives)
• How an organization breaks down each 4 perspective based on 4 criteria (Objectives, Measures, Target and Initiatives)
Presenter:
This webinar was presented by Orlando Olumide Odejide, who is the Chief Trainer for Training Heights Limited. Orlando is an experienced Enterprise Architect and Programme Director working on various technology solutions including SharePoint, SQL Server, Oracle, SAP, Odoo and Qlikview Technologies for clients in the Financial Services, Government and Manufacturing Sectors.
Link of the recorded session published on YouTube: https://youtu.be/XPPj9XhXl0s
Budgetary Controlling Techniques Budgeting is the formulation of plans for a given future period in numerical terms. Organizations may establish budgets for units, departments, divisions, or the whole organization.
Budgetary Control Techniques
budgetary control methods
controlling techniques in management
planning tools for budgetary control
risk controlling techniques
control methods in management
control as a function of management pdf
controlling management process
organizational control methods
control methods in business
types of managerial control
examples of controlling in management
what is controlling in management
controlling in management pdf
managerial functions pdf
organizing function of management pdf
four functions of management pdf
management control system definition
introduction to management pdf
managerial function of control
the control function of management
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2. Organizational Systems Control
• An important part of determining performance is measuring and
controlling it
• Preliminary Control (Inputs): designed to anticipate and prevent possible
problems
• Concurrent Control (Transformation Process): action taken to ensure
that standards are met as inputs are transformed into outputs
• Rework Control (Outputs): action taken to fix an output
• Damage Control (Customer/Stakeholder Satisfaction): action taken to
minimize negative impacts on customers/ stakeholders due to faulty
outputs
3. Feedback in Organizational Systems
• Feedback (continuous improvement):
• Feedback loop: An important part of the systems process, particularly
from the customer and other stakeholders
4. Functional Department Control Systems
• Firms are commonly organized into four major functional
departments: operations, marketing, human resources, and
finance
• Information is a fifth major functional area that may be a stand-
alone department or may fall under the finance functional area
• In most organizations the operations department is the only
functional area that actually transforms the inputs into the
outputs of goods and services (products) that are sold to
customers
9. Control Frequency
• Periodic Controls are used on a regular, fixed basis
• Regular meetings and reports
• Budgets
• Audits
10. Control Frequency
• Occasional Controls are used on a sporadic basis when
needed
• Observation
• The exception principle
• Special reports
• Project controls
11. Financial Controls and Budget Setting
• Accounting is referred to as the language of business and
profit is the primary measure of business success.
• A budget is a planned quantitative allocation of resources for
specific activities.
• Revenue and expenditure operating budgets
• Capital expenditures budget
• Financial budgeted cash flow, income statement, and balance sheet
12. Revenue & Expenditure Operating Budgets
• An operating budgets include the revenue and expense
budgets
• A revenue budget is a forecast of total income for the year
• An expense budget is a forecast of total operating spending
for the year. It is common for each functional area/department
manager to have an expenditure budget
13. Capital Expenditures Budget
• Includes all planned major asset investments
• The major assets owned by an organization are those that last
and are paid for over several years and enable the firm to make
a profit
14. Financial Budgets And Statements
• Actual statements report past results while the budget, or pro
forma statement, projects future results
• Income statement
• Balance sheet
• Cash flow statement
15. Primary Financial Statements
• Income Statement:
• Presents revenue and expenses and the profit or loss for the stated time
period.
• Balance Sheet:
• Presents the assets and liabilities and owners’ equity.
• Cash Flow Statement:
• Presents the cash receipts and payments for the stated time period.
16. Coaching
• The process of giving motivational feedback to maintain and
improve performance
• performance = ability × motivation × resources
17. Coaching Model
1. Describe current performance
2. Describe desired performance
3. Get a commitment to the change
4. Follow up
19. Counseling
• Process of giving employees feedback so they realize that a
problem is affecting their job performance and referring
employees with problems to the EAP
• The employee assistance program (EAP) has a staff of people
who help employees get professional assistance in solving their
problems
20. Problem Employees
• Employees who do not have the ability to meet the job
performance standards
• Employees who do not have the motivation to meet job
performance standards
• Employees who intentionally violate standing plans
• Employees with problems
21. Discipline
• Discipline is corrective action to get employees to meet
standards and standing plans
• To adequately discipline, a manager must:
• Let employees know that action will be taken when standing plans or
performance requirements are not met
• Maintain authority when challenged