management control

Management control refers to the processes and systems that organizations use to ensure that their activities align with their goals and objectives. It involves setting performance standards, measuring actual outcomes, and comparing them to those standards. By analyzing this data, management can identify areas for improvement, make informed decisions, and guide the organization toward success. Effective management control helps organizations allocate resources efficiently, motivate employees, and adapt to changes in their environment, ultimately enhancing overall performance and achieving strategic aims.