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Explain critical point control and management …

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Explain critical point control and management exception .Also State their two advantages

Posted by Scaria Philp 5 years, 5 months ago

CBSE > Class 12 > Business Studies

1 answers

Gaurav Seth 5 years, 5 months ago

Critical point control

Not an economical and easy to have a control on each activity. So it focus on key result areas which is critical points to an organisation
Take control of KRAs which are critical for an organisation

Three benefits of the principle of critical point control are as follows:
(i) It helps in saving time, and thus manager can focus on other relevant issues.
(ii) It helps in analyzing the key areas, which have a direct impact on the whole organisation.
(iii) It enables a manager to focus on Key Result Areas and correct deviations.

Management by Exception

Principle management control based on the belief of attempting to control which is not in control of an organisation
Take control only if there is significant deviations

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