Principles Of Bain & Company

Submitted By nazmaah

Words: 413

Pages: 2

Open Document

Controlling is the process of monitoring goals and objectives to assure that they are being accomplished as planned and if they are not, correcting any significant deviations. “Control procedures ensure adherence to policies and operating procedures, financial reporting and compliance. For control procedures to be effective, noncompliance conditions must be investigated and appropriate actions taken. Control procedures also are integrated with assessment of risks and achievement of objectives (Guinan, 1992).” Planning and controlling are two functions that although separate actually go hand in hand. They are directly linked and support each other. If the plan is failing controlling will come to the rescue and quite often be useful in future planning endeavors as well. Within the mission statement for Bain & Company, the management team has clearly stated their goal to “help our clients create such high levels of economic value that together we set new standards of excellence in our respective industries (Bain, 2012).” Their mission identifies their objective, is very precise, and is written clearly. By making this statement they show that they have thought out and set their objectives as well as developed a set course of action to achieve those objectives. They must now have some form of controlling in place to measure the accomplishment of or deviation from this planned performance. As a management tool Bain & Company uses the balanced scorecard method which “translates Mission and Vision Statements into a comprehensive set of objectives and performance measures that can be quantified and appraised (Bain, 2012).” They compare not only their financial performance but also customer value performance,

Definition of Industrial Relations Essay example

broader view of a network of social relationships in the industry. Flanders (1965:10) articulates that the study of industrial relations may be described as a study of institutions of job regulation. Job regulation is defined as the process of controlling job content through the creation of rules. There can be unilateral job regulation, by management or by workers/unions, or joint job regulation through collective…

Words 2167 - Pages 9

Essay about Risk

Risk This assignment will critically evaluate theories of risk, and consider the approaches to practice for the role of a local authority social worker in the identification, assessment and management of risk of social work with children, young people and families. There will be consideration given to the impact of social work practice on service users and carers including my understanding of anti-discriminatory and anti-oppressive practice. The idiom ‘damned if you do and damned if you don’t’…

Words 4352 - Pages 18

Diabetic Nephropathy: Causes and Consequences Essay

Diabetic kidney disease: causes and consequences Mohamed Osman University of Manchester Diabetic Kidney disease: causes and consequences Abbreviations: A2RBs: Angiotensin-II Receptor Blockers, ABP: Arterial Blood Pressure, ACE: Angiotensin Converting Enzyme, ACR: Albumin: Creatinine Ratio, AER: Albumin Excretion Rate, AGEs: Advanced Glycation End-products: CKD: Chronic Kidney Disease, DCCT: Diabetes Control and Complications trial, DCT: Distal Convoluted Tubule, DM: Diabetes Mellitus…

Words 5478 - Pages 22

technology and ethics Essay

of technology began with the conversion of natural resources into simple tools. The prehistorical discovery of the ability to control fire increased the available sources of food and the invention of the wheel helped humans in travelling in and controlling their environment. Recent technological developments, including the printing press, the telephone, and the Internet, have lessened physical barriers to communication and allowed humans to interact freely on a global scale. However, not all technology…

Words 6502 - Pages 27

climate change Essay

climate change is an issue that is affecting people all over the world. Climate change From Wikipedia, the free encyclopedia For current and future climatological effects of human influences, see global warming. For the study of past climate change, see paleoclimatology. For temperatures on the longest time scales, see geologic temperature record. Page semi-protected Atmospheric sciences ShipTracks MODIS 2005may11.jpg Atmospheric physics Atmospheric dynamics (category) Atmospheric chemistry…

Words 7672 - Pages 31

Hegemonic, And Pluralistic Theories Of International Relations

Cyclical, Hegemonic, and Pluralistic Theories of International Relations: Some Comparative Reflections on War Causation Author(s): Franz Kohout Source: International Political Science Review / Revue internationale de science politique, Vol. 24, No. 1, Power Cycle Theory and Global Politics. Cycle de pouvoir et politique mondiale (Jan., 2003), pp. 51-66 Published by: Sage Publications, Ltd. Stable URL: http://www.jstor.org/stable/1601329 . Accessed: 12/03/2014 22:13 Your use of the JSTOR…

Words 8608 - Pages 35