The study focuses on the areas of financial and production control systems, marketing strategies, man power planning and organizational structure in particular. It is intended to understand the ways in which control operated in the company and to explore explanations of why the system of control worked in the ways that they appeared to do.
According to the information gathered through a tedious process of interviews conducted with mangers belonging to different sections of the company, it was evident that a majority of them do not adopt a systematic approach in management planning and control. The interviews conducted specially with the CEO of the MFPL revealed that the company practices management controls according to their own personal view, and not according to the well-packed theoretical framework. Therefore there is a problem whether here is a disagreeable rapport between the theory and practice of management planning and control or whether the theory and practices are overlapping with each other or whether there is no relationship between the theory and practice.
There are no reviews yet.