Corporate Entrepreneurship: How to Create a Thriving Entrepreneurial Spirit Throughout Your Company

Nature of Controlling the Venture

Control can be defined as a systematic process through which managers make sure that organizational activities are in line with the goals and objectives established in plans, targets, and standards of performance. Control is often associated with the act of delegation. Effective delegation requires decision rules that are consistent with the organization’s philosophy, strategy, and objectives. A control system consists of rules, regulations, policies, procedures, objectives, and guidelines that are integrated into the organization. These can be formally integrated into the organization or can be an informal interaction at a point in time. Regardless, they should not be so complex as to inhibit creativity and ...