Essay Government: Management and Uk Chocolate Market

Submitted By JimmyO88
Words: 1113
Pages: 5
Open Document
The Process of controlling Control is one of the most important managerial functions like planning, staffing and directing. Controlling is the measurement and correction of performance in order to make sure that the organizational objectives and the plans derived to them are being accomplished. The basic control process in management is concerned with establishing standards, measuring actual performance against these standards and taking actions to correct the variations from standards and plans. Controlling is directly related to planning because controlling looks at and ensures whether plans are properly implemented or not. The managers observe what currently happens within an organization and compare these with what was supposed to happen. They focus on correcting below standard situations and bring the results up to the expectations. Setting plans and controlling the standards include almost all managerial area within an organization like time controls, material and equipment control, cost and budgetary control, financial control and operational control. Setting up standards As plans are the yardsticks against which a manager has to control, the first step in the control system is to establish certain standards and plans. However, since plans vary in detail and since a manager cannot usually watch everything, special standards are established. Standards are, by definition, criteria of performance. Standards are usually expressed in number and it can be set for quality, quantity and time measures. Standards form as turning points in an entire planning program at which measure of performance can be made so that mangers can receive signal about how things are going and thus do not have to watch each and every step in the execution of plans. Measurement of performance Even though such measurement is not always practicable within an organization, the measurement of performance against standards must ideally be done on a forward-looking approach so as to detect any deviations in advance of their occurrence. A skillful and forward looking manger would be able to predict probable deviations from standards. If standards are appropriately drawn and means are available for determining what is happening, appraisal of actual or expected performance would be quite easy. But, in the less technical kinds of works, both setting standards and measuring the performance seem to be more difficult. For instance, controlling the work of a finance manager or industrial relations director, it is not easy because definite standards are not easily developed. Correcting deviations Standards should reflect various positions in an organizational structure. The manager needs to compare measured performance against already set up standards and take corrective actions to remove or minimize he causes. Management must be able to know and assess where, in the assignment of individual or group duties, the corrective actions need to be implemented. Managers may correct deviations by redrawing the plans or by modifying their goals or correct deviations by exercising their organizing functions through reassignment or classification of duties. It also can be solved by additional staffing by better selection and efficient training or by effective leadership techniques.

Financial statement Evaluation of financial statement is an imperative method of controlling as it monitors the progress of programs and plans. Common financial statements are balance sheet, income and cash flow statements. Performance appraisal It mainly focuses on the performance of the total organization, including its employees, production and other processes and sub systems like departments and projects. Performance appraisal gives opportunity to both employer and employee to communicate their common goals and to assess how well these are achieved. Operations management Operation management is the process of specifying a performance standard
Show More

Related Documents: Essay Government: Management and Uk Chocolate Market

Mars International Marketing Report Essay

marketing report on the chocolate brands of MARS Incorporated, an American global family owned company runs in the United Kingdom market. There are three main sections in the report which are background and introduction section that provides relevant information of MARS including its objectives and segmentations, as well as explains the market analysis tools that are used; environmental analysis section which states the significant factors affect MARS chocolate in UK market in both external and internal…

Words 5183 - Pages 21

Marketing Research on Whittaker's Essay

attempts to position themselves as a top-quality chocolate confectionery brand. In addition, this report would also be an aid to the major assignment in terms of developing detailed plans with marketing factors, data and facts. 1.2 Scope This report will cover the background understanding about the confectionery industry and do an in-depth analysis of the micro and macro environment. In addition, the market segmentation, market positioning and target market that Whittaker’s is concerned with is also…

Words 2198 - Pages 9

Chocolate In Chin The Cadbury Experience

office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK Australian Geographer Publication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/cage20 Chocolate in China: the cadbury experience a L.J. Wood & S. Grosvenor a a University of Tasmania, Australia Published online: 24 Feb 2007. To cite this article: L.J. Wood & S. Grosvenor (1997) Chocolate in China: the cadbury experience, Australian Geographer, 28:2…

Words 7097 - Pages 29

Marketing Audit of Nestlé Crunch Essay

------------------------------------------------- Student Registration Number: | 130198710 | | | Word Count: | 2230 | Marketing Audit of Nestlé Crunch Introduction: Nestlé Crunch is a famous chocolate confectionery in the US market, and take up almost 2% market share of the total (Barton 2014). This market audit will be split into three section, and separately analyze the business environment, marketing mix and STP (Segmentation, targeting and positioning). Finally, a conclusion will be drawn in…

Words 2557 - Pages 11

Course Work 1 Essay

company is a crucial thing because it is helping to compete, achieve objectives and concentrate their resources more accurate. To choose the right strategy business has to monitor carefully for external and internal environments that influence the market, usually companies use Marketing Mix to understand what might affect the company inside in the short run and to allocate the capital in the right way, also Pestle analysis helps to monitor the external environment. On the example of JD and JJB sports…

Words 2390 - Pages 10

9 Principles Of Marketing

need to develop a coherent mix of strategies. Cadbury's World Cadburys have been around since 1824 when john Cadbury opened his first shop, establishing a flourishing dynasty that today provides the world with many of its favourite brands of chocolate. Cadburys full name is Cadbury's trebo bassit. Cadburys…

Words 5139 - Pages 21

Walkers Crisps Essay

this report we will be looking at Walkers smiths’ long standing market leadership in UK’s crisp industry and the reasons behind their successful marketing strategies in recent years especially after their acquisition by PepsiCo; a global food giant. This report should trace walkers’ strategies on corporate and business level by following a world class performance framework by employing world class manufacturing processes and market research and promotional strategies, working at the same time on…

Words 5049 - Pages 21

Inter-Cultural Effectiveness Essay

Introduction In this report, there will look to development in intercultural awareness through the critical analysis of the relevant documents sources from the local press in the two countries United States of America (USA/US) and the United Kingdom (UK). The research topic that has been selected is the business takeover concerning the American owned company Kraft and the British owned company Cadburys. There will be analytical evaluation in the merger of two companies and look at the…

Words 4938 - Pages 20

International Business- Global Chocolate Wars Between Mars and Ferrero Essay

Global Chocolate Wars between Mars and Ferrero In the field of internationalization of business, entrepreneurs are required to think globally and have an understanding of international culture. Entrepreneurs need the ability to understand different values, beliefs, behaviors and business strategies of different businesses within other countries in order to be successful in internationalization of business. Mars and Ferrero are two world-leading food manufacturers, especially confectionary products…

Words 2794 - Pages 12

Essay about btec level3 busness asst1

BTEC Business Studies Level 3 Assignment 1 - Two businesses on your doorstep The Uxbridge Gazette Tuesday 8 October 2013 15.33 BST Company 1 is MICROLOGIC COMPUTER SUPPLIES LIMITED, Dawley Road, a shop based operation, formerly two shops. Essentially retail, selling, PC, laptop / notebook, tablet & low end server computers, plus all the relevant peripherals. They also sell operating system software & limited applications software & repair faulty equipment. Three people are employed, the front…

Words 1380 - Pages 6