Control Mechanisms in Management - 1269 Words

Control Mechanisms MGT/330 November 12, 2012 Control Mechanisms The four control standards the team chose to explore in regard to McDonald’s are performance, performance vs. standards, corrective action, and reinforce successes. The team will compare and contrast these control mechanisms, and determine the effectiveness of each. The team will also examine the positive and negative reactions to the use of these controls. Performance Standards â€Å"A standard is an expected performance for a given goal or target that establishes a desired performance level, motivates performance, and serves as a benchmark against which actual performance is assessed† (Bateman, 2009, p. 576). Performance standards relate directly to the success of†¦show more content†¦5). McDonald’s worldwide success for many decades adds credence to management’s effectiveness in executing all four performance controls. Determine Effectiveness The four control standards the team chose to explore in regard to McDonald’s work well together, as is evident by the success of the company. The fast-food industry is hard to be successful in unless the company has the right combination of plans and controls. McDonald’s is a leader in this field because the company uses just the right amount of each. The McDonald’s control standards do not act well together unless there are people who make the standards work together. There have been times when some of the control standards have been in need of further guidance. During such times corporate management has had to change some of the ways the controls work. This is to ensure McDonald’s operates to the best of its abilities for effectiveness. Examine Positive and Negative Reactions From examining McDonald’s awards and recognition, it appears McDonald’s has received a very positive reaction to how they use these controls. Such awards include Fortune Magazine’s 2012 number 11 â€Å"Most Admired Company in the World,† Forbes Magazine 2010 â€Å"Most Admired Companies,† 2010 â€Å"Corporate Award† from the Executive Leadership Council (McDonald’s, 2012). Internally, McDonald’s has received positive reaction or at leastShow MoreRelatedMechanisms For Risk Management And Control1671 Words   |  7 Pagesshould not be overlooked, what seems to be missed by many agencies deploying these devices is the benefit of BWCs as mechanisms for risk management and performance measurement tools. Risk management is the process used to identify and control exposure to potential risks and liabilities in both public and private organizations. 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