In any organization, control systems are vital, regardless of the size of the company. Generally, top management of an organization relies on control systems that focus on financial performance through instruments of financial statements, financial analysis and statistical process control analysis, benchmarks, and audits. The core control system is a package of integrated core component systems for directing and monitoring organizational activities. These components comprise strategic plans, financial forecasts, budgets, management by objectives, operation management techniques, and management information system reports. Each control system component needs to be integrated for proper management.
Research reveals that there is a core control system in place in any organization.
Some examples of measurement for an organization are quality, cost, and cycle time. Below are the components that comprise balanced scorecard. The strategic plan is one of the core control systems and consists of the organization's strategic objectives. The written plan typically discusses our organization's products, services, and new opportunities. It gives the depth of analysis of our organization's position, internal strengths and weaknesses, and environmental opportunities and threats.