Control in Organization (Corporate Governance)
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Transcript of Control in Organization (Corporate Governance)
LOGO
CORPORATE GOVERNANCE IN ASIACORPORATE GOVERNANCE IN ASIAGMGG 5314GMGG 5314
CONTROL IN ORGANIZATIONCONTROL IN ORGANIZATIONPrepared for : Dr. Prepared for : Dr. Rozita ArshadRozita Arshad
Prepared by : SHAHRIL BUDIMAN | [email protected]
Contents
Conclusion5
Definition1
Open Control System in Organization2
Feed Forward Controls3
Feedback Controls4
Corporate Governance in Asia Control In Organizations
CORPORATE GOVERNANCE
Corporate governance concerns all the steps taken by the owners of a company to ensure that it produces for them the best possible benefit(OECD) Organisation for Economic Co-operation and Development
The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (Pellervo:2000)
Corporate Governance in Asia Control In Organizations
Corporate Governance Defined Internal systems that establish the relationships
between the corporation and its stakeholders Shareholders Management Board of Directors Employees Creditors Vendors Government/Regulators
Policies, statutes, rules, practices Values and ethics
Corporate Governance in Asia Control In Organizations
Corporate Governance - Sample
Corporate governance at Microsoft serves several purposes: To establish . . management accountability . . . To provide structure…to monitor performance… To strengthen ..our culture of business integrity… To encourage the efficient use of resources, and To require accountability for the stewardship of those
resources.» www.microsoft.com
Corporate Governance in Asia Control In Organizations
Definition of Control
Control consists of verifying whether everything occurs in conformity with the plan adopted, the instructions issued, and principles established. It‘s object is to point out weaknesses and errors in order to rectify them and prevent recurrence (Fayol :1949)
Controlling is the process of measuring performance and taking action to ensure desired results (Schermerhorn:2011)
According to Harold Koontz,Controlling is the measurement and correction of performance in order to make sure that enterprise objectives and the plans devised to attain them are accomplished.
Corporate Governance in Asia Control In Organizations
Definition of Control
Control begins with objectives and standards. Control measures actual performance. Control compares results with objectives and
standards. Control takes corrective action as needed. Control focuses on work inputs, throughputs, and
outputs.
Schermerhorn : 2007
Corporate Governance in Asia Control In Organizations
Corporate Governance In Asia Control in organization
Concurrent Controls
Ensure the right things are being done as part or workflow operations
Concurrent Controls
Ensure the right things are being done as part or workflow operations
Feed Forward Controls
Ensure the right directions are set and the right resource input are available
Feed Forward Controls
Ensure the right directions are set and the right resource input are available
Feedback Controls
Ensure that final results are up to desired standards
Feedback Controls
Ensure that final results are up to desired standards
Organization Control in Open System Perspective
WORKINPUTS
WORK THROUGHPUTS
WORKOUTPUTS
Solve problem before occur
Solve Problem while are occurring
Solve Problem after they occur
Sch
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011
Feed Forward Control - Example
Corporate Governance in Asia Control In Organizations
John F. love : Mc’Donald’s Behind the Arches , Ray Kroc & Robert Anderson, Grinding It Out : The Making of Mc’Donald’s
The Company (Mc’Donald’s) require that hamburger bread suppliersproduce to exact specifications
Concurrent Controls - Example
Managers Allow to Quickly spot andCorrect any problems in the manufacturing cycle(Direct Supervision)Gregg Segal’ “Hyundai Smokes the Competition,” Financial Times (January, 2010)
Corporate Governance in Asia Control In Organizations
Feed Back Controls - Example
Selling Must Go on at the same time, studied and solutions also implemented (Toyota Executives)
Helping Ensure the safety of our customers and restoring confidence in Toyota are very important to our company
Corporate Governance in Asia Control In Organizations
Managers Control
Internal Control (Self Control)
Occurs through self-discipline in fulfilling work and personal responsibilities
RespectControl System
External control
Alternative Control Mix with Bureaucratic Control, Clan and Market Regulatory Control
Corporate Governance in Asia Control In Organizations
GIB Shareholders
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The foundation The foundation of control is of control is InformationInformation
(Henry Schacht, Former CEO of Cummins Engine Company)
Corporate Governance in Asia
LOGO
www.themegallery.com
Thank YouCONTROL INCONTROL IN ORGANIZATIONORGANIZATION
Prepared by : SHAHRIL BUDIMAN | 810089