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Essay / Research Paper Abstract
A 5 page paper that begins with an explanation of what control mechanisms are with examples. The paper discuses some of the control mechanisms in place at Target and the writer comments on how these interact with management’s four functions. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: ME12_PGtgtcm1.rtf
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Unformatted sample text from the term paper:
citation methods listed below. Citation styles constantly change, and these examples may not contain the most recent updates.?? TARGET CORP. CONTROL MECHANISMS Research compiled for The Paper
Store, , August 2010 properly! All companies need to have effective control mechanisms in place.
A control mechanism is described as a process that influences subunits to behave in certain ways that will lead to the corporate goals (Barnat, 2010). These control mechanisms are not
generally published as such but SEC reports and even annual reports reflect some of the financial control mechanisms, such as independent audits. The organizational structures is a control mechanism
in itself because it reflects who reports to whom. Greg Steinhafel is the chairman and the CEO of the company. Several senior vice-presidents and executive vice-presidents report directly to him.
The executive vice-president has three senior vice-presidents reporting to him (Cogmap, 2010). This reporting structure is a control mechanism insofar as each person is responsible and accountable to a higher
level on the corporate hierarchy. The control mechanisms used by Target include output controls, bureaucracy, clan controls and financial controls. Barnat (2010) writes there are three primary types of organizational
control. These are operational control, management control and strategic control. Operational control focuses on both individual and group performance and compares these against a predetermined standard (Barnat, 2010). Management control
considers whether or not objectives were accomplished that are related to strategies, for example, are the standards for quality being met. Strategic control is a process for evaluating the effectiveness
of the strategy being used (Barnat, 2010). Daft (2009) also writes there are three primary control strategies in an organization. These are bureaucracy, market, and clan. Bureaucracy is based
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