Essay about The Management Of Control And Management

1063 Words Sep 15th, 2015 null Page
The management of control refers to all processes that keep the managers up to date with what is happening in key areas of the business operations and where any necessary organisational changes need to be made. If this function is not being attended to properly problems may occur, All organisations require control to ensure that their planning objectives are achieved and consequent benefits realised (Schermerhorn, 2014). Management control was defined by Anthony (1965) as “the process by which managers ensure that resources are obtained and used effectively and efficiently in the accomplishment of the organisation’s objectives.” Organisations have the latitude to decide about how to achieve organisation goals. This notion of equifinality has received only marginal attention in empirical management accounting and control studies. Two recent studies, however, suggest that equal control of activities can be achieved either by an informal control practice (Huikku, 2007) or by different formal control systems (Gerdin, 2005).

Lancaster employees are free independent workers and whilst this may be a more convenient and enjoyable way of working there are some problems that arise when becoming a ‘ free agent’ According to Arnold Packer (2000, p.41), 'Free agents, are usually young people, who don’t expect (or want) a lifetime career with a single employer. They have decided to take the responsibility for charting and preparing their own professional futures. In that group,…

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