Many small businesses lack proper control systems because they are focused on production or service issues. The business may be too small to employ an accountant, let alone a person concerned with quality control.
Having a control system allows you to monitor, measure and adjust where necessary your organisationís performance, whether it be sales, production capabilities, or general efficiencies. In other words, the purpose of business control is to identify unfavourable business performance so appropriate actions can be undertaken. The business control process involves several activities:
††††† establishing performance standards;
††††† reporting or monitoring performance;
††††† comparing performance against standards;
††††† identifying unsatisfactory performance; and
††††† pursuing appropriate action to correct significant deviations in performance
A control process can be adopted for any aspect of business performance that is measurable. Let OBS develop a business control system for your business, tailored to your specific requirements.
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