Disney World Control Implementation SMART Goals Paper

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Business Finance

Description

Control Implementation

Controlling is the final function of management. Its purpose is to create ways to monitor and track the progress of goals. This means that the activities in controlling have a very close relationship to the decisions made in planning. For this course project assignment, you will be using a template to track and measure the goals you created in the planning portion of the course project.

In order to complete this assignment, you will need to revise the two SMART goals you created previously, and then design control methods for them.

Download the control template in the resources section below and address the following:

  • Improve and revise the goals you created previously. (Each page template will be used to evaluate one of your SMART goals.)
  • Fill out the chart, giving basic information about each goal.
  • Explain the system that you will create to track each goal.
  • Demonstrate an understanding of your obligation to complete this goal with the given time frame.
  • Develop and identify adjustments that can be made if the business is falling behind in achieving this SMART goal.
  • An example has been provided below the template. It will provide some guidance on how the final product should look

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Explanation & Answer

Attached.

Running head: CONTROL IMPLEMENTATION

Control Implementation
Name
Institution Affiliation

1

CONTROL IMPLEMENTATION

2

Control Implementation

Business Name: Disney World
SMART Goal: To maximize earnings and cash flow
Criterion being Measured: The company’s capability of allocating capital towards growth
initiative that will drive long-term shareholder value.
Time Frame For Goal Completion: two years.
Explain the system that you will create to track the success of this goal?
The system that will be used to track success of Disney being able to allocate capital
towards growth is by accounting for the capital used. Accounting will provide history of financial
reports that are timely and comparable that will facilitate an effective capital allocation process.
During the process of financial report accountin...


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