The paper "Control and Regulation at Work" is a good example of management coursework. The discussion explores on importance of control and regulation system for business success. The work of control and regulation in business is to check and correct errors to keep balance. Through it, the organization gathers the necessary information so as to evaluate the performance of the business. It also defines the roles of each member in order to attain its objectives without conflict of ideas or interests. Furthermore, it is the duty of control and regulation panel to put or remove restrictions relating to the performance of its products in the market.
It also acts like artifacts of policies implementation (Scheer & Nü ttgens, 2000). Moreover, control and regulation deal with establishment, promulgation and reinforcement of rules for the benefit of the business. The regulations include development approvals, employment, wages, standard production, services and control of market price. The business use control and regulation to manage risks in order to maintain market confidence and protect its customers. However, control and regulation in business management include planning, organizing and controlling (Shi & Halpin, 2003). For any business to prosper it has to plan, organize and control programs for smooth running towards its set goals.
In the discussion, they are presented as an important instrument in setting, learning, implementing and attaining the organization’ s objectives Shi & Halpin (2003). Therefore, the paper tackles each component separately but exhaustively. Planning plays a very great role in organizing and controlling the business to be successful. A good plan outlines the roles, structure and responsibility of each player for effectiveness in service delivery. It helps the organization to identify and focus on the best direction for the achievement of its goals.
As suggested by Shi & Halpin, (2003), it gives the overall view of an organization in order to remain competitive in the market. Through pointing out business strength and weaknesses against its main competitors as well as identifying other strategies to open up new opportunities for the business. According to Scheer & Nü ttgens, (2000), the organization is able to provide quality products and services through regulated prices, quality and demand of its products in the market with data updates.
The information is as a result of good planning. Furthermore, planning entails organizational goals and the steps necessary for the achievement of those goals. Shi & Halpin, (2003) suggests that all businesses have limited resources. This calls for proper planning on how to allocate the available resources, in the pursuit of its objectives without being misused on projects with little success. Scheer & Nü ttgens, (2000), states that Planning promotes teamwork spirit to all members in a business. This challenges every member to give his/her best performance in the organization by being aggressive but realistic on goals attainment.
Goal setting is very significant since it keeps the business competitive in the market while improving its products and services every day. Therefore, through planning the business is able to detect and rectify financial situations such as expenses exceeding the revenues to maximize its profits while offering better services to its customers (Scheer & Nü ttgens, 2000). However, this is only accomplished if there is an appropriate organization of work.