Assume you are the CEO of the Integrated Technology Company (ITC) which currentl

Question

Assume you are the CEO of the Integrated Technology Company (ITC) which currently employs 175 employees and provides accounting software, as well as information systems software and consulting services for small-to-medium sized companies in the construction industry across the country. What would you regard as the three most important principles (express each as a single complete sentence) in developing a control system for your organization. Give a rationale for each principle. Next, briefly state how you would use these principles to design a control system for ITC. Assume that ITC was a very small company for many years, but it has grown significantly during the last three years as the business has been successful. As CEO, you now believe more attention needs to be given to organizational control.

Explanation / Answer

Important Principles:

Above three principles act as mandatory to bring a company under an impactful organizational control because, standards and compliances with employee activities, customer activities, with investors or policy and regulatory authorities define a company’s determination towards company’s business and operational process. It is actually the first step for an Organizational Control System Design.

Control system will further monitor progress as how Each employee and their managers are performing as per their Key Responsibility Areas to the sustainability, profitability and good will of the business in the market.

Further, receiving the feedbacks in enthusiastic and positive manner, shows a good company culture at all levels, shows a good example how good the Organizational Control is going, and how well corrective actions are taken to obtain the desired results.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.