Control mechanisms Research Paper Example | Topics and Well Written Essays - 500 words

Control mechanisms - Research Paper Example Employee incentive program and scheduling of business processes are also dependent on the budget control mechanism. At Boeing, managers do effective budgeting before starting any new project because it makes them complete the projects without facing any financial problem. The benefits, which budgeting control mechanism provides to the management of Boeing, include control over financial resources, improved financial communication, and achievement of definite business objectives. Scheduling of business operations is very important for Boeing, as the company has to deal with commercial as well as military clients. Management of Boeing makes use of project network diagrams and Gantt Charts to do proper scheduling of all business activities. As compared to employee incentive program, which is use to improve employee productivity, scheduling is somewhat more important control mechanism because it has to deal with the management of core business processes required for ensuring production and project completion within the deadlines. Scheduling means to time the business operations in such a way that none of the business operations becomes obstacle in the way of other business operations. Boeing makes a great use of this control mechanism to improve the performance of employees. This control mechanism not only helps the company improve performance and productivity of employees but also improves employee loyalty. Boeing offers different kinds of incentives and rewards to its employees to motivate them. Wellness programs, health insurance, and paid vacations are some of the most considerable incentives that Boeing offers to its employees. This control mechanism holds great importance in the success of Boeing aerospace company. It means to manage the information that is required to run business operations and other activities of an organization. The key tasks of Boeing’s information system include