Return to site

Controlling (Principles of Management Mod 5 SLP) Essay

broken image

Controlling (Principles of Management Mod 5 SLP) - Essay Example http://term-paper-proposal848.mystrikingly.com/ In controlling, equity bank applies action accountability that holds each employee accountable for their actions. Having trained employees on their responsibilities, each employee is left to act under minimal supervision keeping in mind that the outcome of his/her action has either a positive or negative implication on his/her performance record.Operating in a very competitive industry, Equity Bank’s management uses controlling as business strength so as to move ahead of its competitors (Alembi, 2009), who seem to have similar strategic plans. As a matter of fact, all financial organizations in the region have almost equal capacities to acquire employees, resources and mobilize their clients. However, through action accountability, equity bank has managed to rapidly grow relative to other financial institutions. In implementing this control effort, the management allows for both internal and external control of their employees.