control process analysis strategic implementation - manu melwin joy
TRANSCRIPT
Control Process AnalysisStrategic Implementation
Prepared By
Kindly restrict the use of slides for personal purpose. Please seek permission to reproduce the same in public forms and presentations.
Manu Melwin JoyAssistant Professor
Ilahia School of Management Studies
Kerala, India.Phone – 9744551114
Mail – [email protected]
Control Process Analysis
• Setting performance
standards.
• Measuring the
performance.
• Variance Analysis.
• Taking corrective action.
Setting performance standards
• This is the starting phase of
control process where the
strategists lays down
foundation for comparing
actual performance with the
planned one, variance
analysis and taking of
corrective action if needed.
Measuring the performance• Operationally, measurement of
performance is done through
accounting, reporting and
communication systems. What
is important is that
performance evaluation should
reflect the actual position
which may be plus, minus or
nil.
Variance Analysis• Variance analysis is to point out the
variation of actual performance
from the standard one. Variation
can be positive, negative or
matching. The main idea behind
variation analysis is to find out the
extent of deviation and the causes
for the same so to hold responsible
the person in charge of cost or
profit centres.
Taking corrective action
• Findings of variance analysis
paves way for taking
necessary corrective actions.
Correcting the performance
calls for further details as to
the organizational structure
and systems plus behavioral
implementations.