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To keep strategic plans on track manager needs to utilize control system
- Control system can as well be regarded as Strategic control, this process is been utilized by the manager of the organization to control the formation as well as to execute strategic plans.
- it can be regarded as a specialized form of management control,
- However, control system could be a reactive or a proactive control.
- Reactive management control can be regarded as one whereby, managers find a way to solve the problems once it arises,.
- proactive management control is when there has been a plan ahead so as to avoid or manage problems.
Therefore, manager need to be able to be in control of the management.
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Answer: Attitude inoculation
Explanation:
Attitude inoculation is referred to as the technique or method which is used in order to make an individual immune to the attempts taken in order to change the attitude thereby firstly exposing themselves to the small arguments taken against their position. It is referred to as so since it tends to works similarly like a medical inoculation, that exposes an individual's body to the weaker state of the virus.
Answer:
It will take 11.7 years to reach the objective
Explanation:
Giving the following information:
PV= $4,100
FV= $5,500
i= 0.0063
n= ?
To calculate the time required to reach the future value, we need to use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(5,500/4,100) / ln(1.0063)
n= 46.78
in years= 46.78/4= 11.70
It will take 11.7 years to reach the objective