Control mechanisms the disney company

Sega also owns a patent on using an on-screen arrow to tell the player which direction to go. Apparently they think they invented the road sign in That's right, Sega owns drag-and-drop.

Control mechanisms the disney company

Control mechanisms the disney company

The four functions of management are planning, leading, organizing and controlling. Companies use various control mechanisms -- business plan, needs assessment, budgets, audits, pricing, communications, training, performance reviews, and employee incentives -- to optimize performance in each of these areas.

Planning The creation and maintenance of a business plan forces senior management to think about the major issues that affect a company's ability to succeed.

These factors include a market analysis, organization matrix, establishment of a marketing and sales strategy, and a description of the products or services offered.

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Management periodically reviews and updates the plan as conditions change. A needs assessment report is an additional tool to help management define goals and requirements prior to the initiation of major projects.

Leading A good leader communicates with his staff and encourages the staff members to maximize their productivity. Regular staff meetings are a useful means of communication; even a complaint box works in certain circumstances.

Granting employee incentives -- bonuses, pay raises, comp time -- are effective ways to improve morale and company loyalty. Providing employees with additional training classes and the chance for advancement is a critical factor in the establishment of a stable work force.

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Organizing Maximizing the profitability of a company is the key to an optimal organizational structure. The business plan describes the initial organization of a company, but this will likely change as the company changes and profits from the knowledge gained by failures and successes.

The distribution of financial reports to senior management keeps the staff informed and encourages discussions on ways to increase the profitability of the company and individual departments.

Controlling There are many control mechanisms in a company. A strong human resources department controls managers and prevents employee abuse.

Employee performance reviews and incentives assist in the control of employees. Compliance departments control legal risk and monitor operations to ensure the company follows state and federal rules.

Financial budgets and accounting audits control financial risk. Product pricing controls marketing efforts. All the different departments must work together to create a strong and profitable company.

She holds a M. O'Connor has been writing real estate and loan origination textbooks, as well as developing online courses, since Walmart is a well-known example of a company that bases its business model on a huge store network and a high volume of sales.

Latham, Andrew.

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