Exploring Management. Chapter 6. Controls and Control Systems. Chapter 6. How and why do managers use the control process? What types of controls are used by managers? What are some useful organizational control tools and techniques?. 6.1 Control.
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Control starts with objectives and standards
Control measures actual performance
Control compares results with objectives and standards
- Actual Performance
Need for action
Control takes corrective action as needed
Management By Objectives (MBO)
Project Management Tools
How to Calculate a Breakeven Point
Breakeven Point = Fixed Costs / (Price - Variable Costs)