Not all executives fully understand or appreciate what a powerful management tool “control” is, until something goes very wrong and causes significant heartburn and the loss of a lot of money. Control is a proactive activity with two polar opposites:
- Controlled activity, which produces profits and efficiency
- A lack of effective control, which produces failure
In other words, no executive can create success without controls.
Some argue that too much control slows growth and becomes a negative, which is true to a point. It’s finding the balance between the two which is the challenge. In my new book, The Facts of Business Life, I make finding this “control” balance easier by breaking down the five levels every successful business and their departments go through.
Here is a brief look at what control and management look like at each of the five levels of the business life cycle.
No Replies to "If You Don't Control It, You Don't Own It"