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7 feed from control to planning
It is realized these days more than even before that management control is primarily a human activity which should focus on how to help individuals do their jobs better. Feedback from to control to planning is a very fundamental and leads to a variety Reponses detailed below:
1. Changing of goals based on evaluation of goal.
2. Searching alternative measures of operating to save cost and survive in competition.
3. making predictions based on latest feedback.
4. Changing the operating process to avoid the weak links which reduces cumulative value to the customers.
5. Changing the reward system to revitalize working system.
6. Rest performances are systematically analyzed to explore alternative ways to improve future performance.
Airlines give away millions of tickets each year through their frequent flyer programs, with the typical airline awarding a free ticket for each 25,000 miles flown on the airline.
How much was Topaz’s operating income (income before taxes) last year?
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Cost concept . techniques of costing . absorption costing
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