Management control as an integral element of the management process in the organization

Abstract

Control is essential to organizing and regulating all types of activities in market conditions. Penetrating all spheres of legal relations, it affects the interests of millions of people and thousands of organizations. In this regard, it becomes necessary to organize control, ensuring operational management decisions are adopted. Control, identify weaknesses, allow optimal use of resources, introduce reserves, and avoid crises. It is necessary to convey to employees the idea of control, which does not consist of pressure and limitation of will but only as a corrective process. In addition, control should be flexible, i.e., maximally adaptable to the circumstances in which the organization functions at this stage. The information's quality, relevance, and usefulness will influence the control effectiveness level. Management control is one of the main tools for policy development and decision-making, which ensures the normal functioning of the company and the achievement of its intended goals both in the long term and in matters of operational management. Management control is one of the most critical functions of management. The main tools for performing this function are observation, detailed verification of all activity elements, accounting, and analysis. In managing the company, control takes the place of the element of feedback because, based on the received information, adjustments to previously made decisions and plans are made. In modern market conditions, organizations need effective management of their economic structure to support competitiveness. It depends on many factors, but the larger the organization, the higher the need for management control and improvement of the management system. Management control in organizations mainly meets the needs of management for planning and analyzing current activities, as well as for making operational and strategic decisions. Control in the organization is both an integral part of each stage of the management process and a separate stage that provides information transparency regarding the quality of the management process at all other stages. Keywords: management, control, enterprise, process, strategy.