An approach to management control by application of the principle of management by exception. - Page 18 |
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I - - - — - — • • -
of all recognized management functions (Somervell, 1 Davis, ?
and Newman), it has been concluded that the business
failures mentioned above are, at least in part, attributable
to inadequacies of the control function executed by
the management of the various enterprises.
Logic has indicated that attention should also be
directed to the consideration that possibly systems
currently in use for the control of some successful
businesses have not been found acceptable by other business
activities. It is significant to realize further
that all businesses or enterprises have controls to a
greater or lesser degree. k The degree of control utilized
i obviously has been knowingly chosen because of one or more 1i
of several well known factors, i.e., cost, complexity, i
calculated risk, timeliness, accuracy or inaccuracy,
absence of recognition of the value of a more elaborate or
detailed system of control. The particular point made here
i !
i___________________
! i General Brehon Somervell, “Organization Controls !i in Industry,** American Management Association. General i
Management Series, No. l*+2, 19W , pp. 3-13* I
2 Ralph Currier Davis, Industrial Organization and l Management (New York: Harper and Brothers, 194-0), p. 121.
3William H. Newman. Administrative Action (New York:! Prentice-Hall, Inc., 1951)> p. 407. !
IfP aul B. Holden, L. S. Fish, and H. L. Smith, x Top !! Management Organization and Control (Palo Alto: Stanford j
University Press, 194-2), p. 11.
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| Title | An approach to management control by application of the principle of management by exception. - Page 18 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | I - - - — - — • • - of all recognized management functions (Somervell, 1 Davis, ? and Newman), it has been concluded that the business failures mentioned above are, at least in part, attributable to inadequacies of the control function executed by the management of the various enterprises. Logic has indicated that attention should also be directed to the consideration that possibly systems currently in use for the control of some successful businesses have not been found acceptable by other business activities. It is significant to realize further that all businesses or enterprises have controls to a greater or lesser degree. k The degree of control utilized i obviously has been knowingly chosen because of one or more 1i of several well known factors, i.e., cost, complexity, i calculated risk, timeliness, accuracy or inaccuracy, absence of recognition of the value of a more elaborate or detailed system of control. The particular point made here i ! i___________________ ! i General Brehon Somervell, “Organization Controls !i in Industry,** American Management Association. General i Management Series, No. l*+2, 19W , pp. 3-13* I 2 Ralph Currier Davis, Industrial Organization and l Management (New York: Harper and Brothers, 194-0), p. 121. 3William H. Newman. Administrative Action (New York:! Prentice-Hall, Inc., 1951)> p. 407. ! IfP aul B. Holden, L. S. Fish, and H. L. Smith, x Top !! Management Organization and Control (Palo Alto: Stanford j University Press, 194-2), p. 11. |
