Generally, management control is defined as the process by which managers ensure that resources are obtained and used effectively in the accomplishment of the organisation's objectives. It has three ...

If you have a clear idea of where you are and where you want to go, business-wise, you can develop a realistic, achievable plan to get there. The management planning process helps your company through ...

In 1916, a French coal mine director named Henri Fayol wrote a book entitled "Administration Industrielle et Generale," which set forth five distinct functions of managing that Fayol insisted were ...

Basic process control systems—also known as Level 2 in the Purdue Enterprise Reference Architecture (PERA)—has formed the basis for successful process manufacturing for decades. During that time, ...

During sustainable business process improvement, problems and opportunities are eliminated while an accumulation of new ones is found consistently. In business processes management (BPM), a company ...

Business process management (BPM) is the practice of discovering and controlling an organization’s processes to align them with business goals as the business evolves. The goal of BPM is to help your ...

Just over a decade ago, an article titled, "Advanced Control Strategies Move into the Field" (Control, October 2008), highlighted three evolving trends in the process control world that would "make ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...