What are the boundaries of management control and make comparison among them?
Management team needs both planning and control which lengthen the boundaries of management control.
a) Management control fits between strategy formulation and task control in several respects.
b) Strategy formulation is the least systematic of the three, task control is the most systematic and management control lies in between.
c) Strategy formulation focuses on long run, task control focuses on short run activities and management control is in between.
d) Strategy formulation uses rough approximations of the future, task control uses current accurate data and management control is in between.
e) The planning process is more concerned with strategy formulation, the control process is more focused on task control and planning & control are of approximately equal importance in management control.