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CONTROLLINGOF CANADIAN TIRE - Term Paper Example

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Controlling in management entails monitoring the performance of any activity, evaluating them, and then taking appropriate measures to achieve the set objectives. It is one of the management functions that the Canadian Tire has managed to use so as to achieve its set objectives…
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CONTROLLINGOF CANADIAN TIRE
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Download file to see previous pages l O’Donnell (1995) says, “Control is checking current performance against predetermined standards contained in the plans with a view to ensure adequate progress and performance.”
Controlling as part of the management ensures that the organization activities are carried out as planned and ensures that the resources are utilized effectively and efficiently while taking any corrective action so as to achieve the overall organizational goals. Furthermore, every person in the organization has an individual goal which mostly depends on the organizational performance so if the organization goal fails so is to the individuals. So to ensure that the individual goals are met, the overall organizational goals must be controlled for consistency. It also ensures that the organizational policies and rules are adhered to so as to improve the organizational trust, reputation, loyalty and growth from infancy to maturity. As McBride & Hugh (1997) puts it.
“The company-Hamilton Tire and Garage Limited-stocked a small inventory of repair and replacement goods, including tires batteries, automobile fluids. Although automobile Industry was still in its infancy, the Billesses believed surging automobile sales at the Time indicated a bright future for their time. Later that year, in fact, Toronto hosted its first “Closed car show,” in which windshield wipers, automatic starter and other new car part were introduced." (p.56)
The control process in Canadian Tire is not cybernetic, one that is self contained in its performance monitoring and correction capabilities, but it does follow similar principles. That is, setting the objectives of the organization and standards that are feasible, taking measurement of the results and then comparing them with the set objectives or the standards and then takes appropriate action. As Mockler (1970) points out the essential elements of the control process in his definition of control, he says. “Management control is a systematic ...Download file to see next pagesRead More
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