The US military has a formal structure with advanced planning capabilities and c

Question

The US military has a formal structure with advanced planning capabilities and centralized controls. However, the military of most other countries have strong autocratic controls. Against this backdrop, consider the need for control in achieving organizational objectives for a specific business or government department. Include objectives to create increased value, reduced risks, and reduced costs - thereby achieving optimal outcomes.

Provide an initial posting that describes your selected organization. Then describe the value and role of control to achieve optimal outcomes.

Explanation / Answer

Let the selected organization be a bank. There are various objectives that are to be achieved in a bank. The financial targets needs to be achieved, the governmental policies needs to be implemented. The contribution to the social growth is also essential. Complying to the regulatory authorities are essential. Similar way there are various functions that are happening in the bank. Controls at various levels are highly essential in the bank to achieve the desired targets. Let us briefly discuss the role of control at various levels in achieving the organizational goals.

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