Management of Control of Walmart Essay

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Jeev Sewa Sanathan Group Of Institutions For Women (Facluty of Management) 2012 Assignment of Management Control System Submitted to:- Ms. Komal Taneja Submitted By: Nisha Kumari Sant Hirdaram Nagar, Bairagarh. Bhopal Management control system in Walmart Wal-Mart is a increasingly large industry functioning to meet the needs of its consumers, employees and producers by using controls; the controls that Wal-mart feel are the most effective at achieving the goals of the company are:- * Market control * Clan control * Manager audits * Performance standards. These controls help make Wal-Mart the growing empire it is today. Each control chosen by Wal-Mart was chosen because they are important to thrive in the business world they help increase the confidence of customers, employees and suppliers. All controls involve managers making decisions that are for the betterment of the company. But there are differences between the many control mechanisms that are implemented within Wal-Mart. All controls involve managers making decisions that are for the betterment of the company. But there are differences between the many control mechanisms that are implemented within Wal-Mart. * Market Control:- Market Control is maintained through certain aspects of the market including market share, price, and competition. This form of control is also called decentralized control. Market control is used when there is a reasonable level of competition within the market especially in the service area as well as goods. Managers compare prices and profits to establish the effectiveness of their organization. Market control is defined as “The ability of buyers or sellers to exert influence over the price or quantity of a good, service, , or commodity exchanged in a market. Market Control depends on the number of competitors”. * Clan Control:- Clan Control in

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