Topic > Financial stability of a company and its correlation with control systems and an effective organizational structure

An effective organizational control system implies prerequisites appropriate rules, procedures and guidelines particularly when directing various roles and responsibilities to the within different organizational departments. These controls include establishing appropriate rules and regulations regarding employee behavior, best practices unique to individual departments, and transparent procedures for financial transactions. Therefore, an effective organizational control system helps the organization stabilize its finances, increase productivity and brand management, thereby improving the overall growth and efficiency of the company. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Financial stability is one of the key objectives of any business. Therefore, many organizations create and implement appropriate financial regulatory procedures to strengthen the organizational control system by helping the company stabilize its finances. As a result, the communication channel throughout the organization is improved allowing managers to determine their efforts towards achieving annual goals and preventing fraud and business malpractices. As a result, the effectiveness and efficiency of the organization are guaranteed. Furthermore, an operational organizational control system is significant in brand management as it helps maximize sales to a target customer segment. Therefore, communicate the brand through marketing messages, as well as packaging, price and product features. This prevents the prospect of inconsistent brand messaging and, ultimately, an increase in organizational productivity and competence. Additionally, organizational control helps departments work together and better. This is achieved through weekly interdepartmental meetings and the implementation of specific communication procedures and regular management reminders. To the extent that an employer is not allowed to mismanage its employees, it is important to provide them with adequate supervision so as to maximize the productivity and efficiency of the organization. Therefore, establishing effective management controls such as strategic objectives and appropriate policies and procedures regarding employee guidelines and behavior will be helpful in directing various operational activities, employee roles and responsibilities. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Therefore, the article refers directly to organizational structure and control system, meaning that the performance of an organization depends on the efficiency and productivity of the type of organizational structure and control system in place. Therefore, in order to ensure the timely achievement of organizational objectives and, by extension, increased performance, the organization's structure and control system must be operational, relevant and adequate. Consequently, the efficiency and productivity of the organization are directly proportional to the suitability of the organizational structure and the control system in place.