Every decent control system needs a few fundamental components. The absence of one of them could undermine the system as a whole because they all have crucial roles. Therefore, managers must ensure that their control systems include the essential components. First, they must guarantee that feedback is in place whenever there is input. The control, measurement, and oversight of packaging, processing, and customized machinery are improved by closing the loop with feedback (Khan & Nisar, 2018). Second, the control system needs to be objective, especially in the evaluation process. Objective measurements work perfectly when each employee’s performance can be analyzed directly and constructively contrasted to that of other personnel (Gillikin, 2019). Third, the system should be capable of instantaneously reporting any deviations. Any delay in identifying issues and implementing solutions can result in a corporation suffering financial losses. Fourth, the entire framework, procedures and operation should be flexible. A rigid control system frequently renders it inefficient in unusual and unforeseen circumstances. Finally, the control system ought to be economical in the short and long term. Generally, its benefits should outweigh its drawbacks, and the firm should derive the benefits.
The entire process is open to breakdown if one of these systems is ignored or not carefully handled. An efficient control system is the backbone of any firm, the failure of which leads to dysfunction in the organization (Otoo et al., 2021). Additionally, any fault can result in financial loss for the company and other hazards, such as accidents. Like all other engineering disciplines, control systems require rigorous design and planning to deal as effectively as possible with any typical situation, including failures. Nonetheless, there is no perfect technique for recognizing potential mistakes and creating plans to address each of these factors.
References
Gillikin, J. (2019).Objective vs. Subjective performance evaluations. Small Business.
Khan, F. A., & Nisar, S. (2018). Design and analysis of feedback control system. 2018 International Conference on Information and Communications Technology (ICOIACT), 16-24.
Otoo, I. C., Asumah, S., Peprah-Amankona, G., & Andzie, A. T. (2021). Impact of internal control systems on performance of universal banks: Evidence from Ghana.Journal of Financial Risk Management, 10(04), 473-486.