Business Finance
MGT330 Ashford Changes in Management and Steps of Control Discussion

MGT330

ashford university

Question Description

This is two separate discussion questions for MGT330: Management for Organizations.

Question 1:

Steps of Control

Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples.

Question 2:

Changes in Management

Of the five management functions, which do you expect will experience the most dramatic changes in the next decade? Defend your answer. Which will have the least amount of change? Explain your answer.

Each answer to the questions post should be at least 200 words in length. Support your claims with examples from required material(s) and/or other scholarly resources, and properly cite any references.

If you have any questions please ask. Thank you

Final Answer

Attached.

Running head: CHANGES IN MANAGEMENT AND STEPS OF CONTROL

Changes in Management and Steps of Control
Name
Institutional affiliation

1

CHANGES IN MANAGEMENT AND STEPS OF CONTROL

Question 1:

Steps of Control

The first step of controlling is setting standards. The standards are set regarding time,
cost, profitability, and income among others. These standards act as means to achieving the
organization's goals because they set the pace for employees and other stakeholders (Banerjee,
n.d.). The second step involves measuring performance whereby what has been accomplished is
compared to what was intended. By measuring performance, the organization can establish if or
if not, it is progressing to know...

toto (15110)
University of Virginia

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