Sign In
Not register? Register Now!
Essay Available:
2 pages/≈550 words
4 Sources
Business & Marketing
English (U.S.)
MS Word
Total cost:
$ 8.64

Decision Management and Decision Control (Essay Sample)


Should decision management and decision control be separated? As part of your discussion, provide a real-world example (or provide a fictitious example) of a firm where the control (correctly) resides with the same individual as well as an example of a firm where the control is (correctly) separated.


Decision Management and Decision Control
Decision Management and Decision Control
Decision management is the implementation and initiation of decisions while decision control is monitoring and ratification of decisions. Companies that are for both non-profit and for-profit face this challenge of separating between decision control and decision management. The study of organizations dates back to 1776 where Adam Smith advocated for full control and ownership of a company. However, this is possible in sole proprietorship with no employees or few of them. The manager and owner can make informed decision on maximizing profits and make tradeoffs between the long term and short term CITATION JTa12 \l 1033 (Taylor, 2012).
In the modern world, firms are big and complex for one person, family, or stakeholders to own and run. This is possible if people sign contracts for every eventuality possible. However, it is not possible to foresee every kind of eventuality. Therefore, not al...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Coordination In Organizations: Proper Communication Channel
    Description: List and explain some ways that coordination can be increased both internally within the firm and externally with customers and suppliers....
    1 page/≈275 words | 3 Sources | APA | Business & Marketing | Essay |
  • Career Exploration: Sales And Marketing Writing Assignment
    Description: Look for other job openings available at the same company. You can do this by searching indeed or you can visit the company website. Describe a job opening (it doesn't have to be related to business) that looks appealing to you. Explain why you find this position interesting....
    2 pages/≈550 words | 1 Source | APA | Business & Marketing | Essay |
  • Global Benchmarking Plan: Apple
    Description: Benchmarking relates to setting standards so as to compare results based on the business strategies, and aimed at improving business performance...
    6 pages/≈1650 words | 10 Sources | APA | Business & Marketing | Essay |
Need a Plagiarism Free Essay?
Submit your instructions!