There are three major objectives for having a control mechanism in an international firm. They are −
● To get data and clues for the top management for monitoring, evaluating, and adjusting their decisions and operational objectives.
● To get clues based on which common objectives can be set to get optimum coordination among units.
● To evaluate the performance metrics of managers at each level.
In 1916, Henri Fayol defined management control as follows −
“Control of an undertaking consists of seeing that everything is being carried out in accordance with the plan which has been adopted, the orders which have been given, and the principles which have been laid down. Its object is to point out mistakes in order that they may be rectified and prevented from recurring”
