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What is the traditional techniques of management control?
Jyoti2908
1) personal observation
2) statistical report
3) break even analysis
4)budgetary control
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∙ 11y ago
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What are the tools and techniques used by RBI for monetary control?
techniques of monetary control of rbi
What are the differences between modern manufacturing and traditional manufacturing system?
Traditional manufacturing basically does not consider quality issue prevention and manufacturing wastage. Modern manufacturing techniques involve implementing schemes such as Kiasen and Lean Six Sigma to control the quality and lower costs.
What are traditional economies?
Economy dominated by methods and techniques that have strong Answers.comsupport even though they may be old-fashioned or out of date. In ENGLISH it means techniques pased down from genarations to genarations
There are four summary records based on the level of necessary fiscal or management control Which is the highest level of fiscal control?
a. Control Summary Records
What biological and sociological techniques can be used to slow world population growth?
The biological techniques that can be used to slow world population growth include the various forms of birth control for both men and women. The sociological techniques include by law (as in China) or by religious declaration.
What are the advantages and disadvantages of traditional and modern control techniques in management?
One disadvantage of traditional control techniques often create distance between managers and employees. Modern control techniques have the disadvantage that they can create ambiguity in roles. The advantage of traditional control is that is creates a sense or order.
Difference in modern and traditional techniques of managerial control?
difference between modern and traditional techniques of controlling
Why modern industries follow traditional techniques of performance appraisal?
Modern industries follow traditional techniques of performance appraisal as they are suitable for business management. Traditional techniques are structured in a formal way and rely on continued feedback and coaching.
What do you mean by management control system?
What are the various tools and techniques of motivation
What are the four traditional techniques of managerial control?
Statistical Control Reports Break Even Analysis PERT CPM
What is production management in business concern?
Production management refers to the planning, implementation, and control of the production processes to ensure smooth and efficient operation. Production management techniques are used in both manufacturing and service industries. Production management responsibilities include the traditional "five M's": manpower, machines, methods, materials, and money.
What are non-budgetary control techniques?
Non-budgetary control techniques include management by objectives, quality management programs, performance appraisals, and balanced scorecards. These techniques focus on measuring and improving performance through goals, standards, and feedback rather than specific financial targets.
Compare and contrast traditional and modern control techniques giving their advantages and disadvantages?
Traditional control techniques rely more on manual or paper-based methods, while modern control techniques use advanced technology such as automation, AI, and data analytics. Traditional techniques may be simpler and easier to implement but can be less efficient and prone to human error. Modern techniques offer improved accuracy, real-time monitoring, and scalability, but can be more complex and expensive to establish and maintain.
What is traditional project management?
There are many variations of project management that have been customized for different domains. Although the basic principles are the same among any of these variations, there are unique features present to address unique problems and conditions specific to each domain.There are two main types of project management:Traditional Project managementModern Project managementThe traditional project management uses orthodox methods and techniques in the management process. These methods and techniques have been evolved for decades and are applicable for most of the domains. But for some domains, such as software development, traditional project management is not a 100% fit.Therefore, there have been a few modern project management practices introduced to address the shortcomings of the traditional method. Agile and Scrum are two such modern project management methods.Definition for Traditional Project Management:PMBOK defines the traditional project management as 'a set of techniques and tools that can be applied to an activity that seeks an end product, outcomes or a service
Who was the economist was the main promoted the use of demand management techniques to control the economy?
Adam Smith
Computerized project Management techniques?
"Computerized project Management techniques?"
Difference between professional and traditional management?
under Traditional management ownership and management/control stay with the same persons. In Professional management, ownership and management may differ. ex: Take Joint stock companies - Owners are the shareholders whereas the management is taken care by managerial personnel who are professionals
