1. Accuracy: Effective control systems are characterized by their ability to provide accurate information about the performance of individuals, teams, or the entire organization. Accurate control systems ensure that the information provided is reliable and free from bias or errors.
2. Timeliness: A control system should provide information in a timely manner so that managers can take appropriate actions in a timely manner. It should provide real-time or up-to-date data to enable managers to address any issues or deviations from desired performance promptly.
3. Flexibility: Effective control systems should be flexible enough to accommodate changes in the organization's goals, objectives, or strategies. They should be adaptable to changing business conditions, allowing for the modification or adjustment of performance standards, targets, or measures as needed.
4. Objectivity: Control systems should be objective and unbiased. They should utilize objective criteria, benchmarks, or standards to assess performance. This helps in minimizing subjective judgments and ensures fairness in evaluating performance.
5. Integration: An effective control system should be integrated with the overall management process. It should be seamlessly aligned with the organization's planning and decision-making processes. Integration ensures that control mechanisms are not seen as separate tasks but rather as an integral part of managing and achieving organizational goals.
Explain any five characteristics of effective control systems
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