Several tools and techniques are used to implement control in business, including:
Balanced Scorecard: A tool that provides a comprehensive view of organizational performance. Key Performance Indicators (KPIs): Specific metrics used to track performance against strategic goals. Budgets: Financial plans that set limits on spending and resources. Audits: Regular reviews of processes and finances to ensure compliance and efficiency. Management Information Systems (MIS): Systems that provide relevant data and analysis for decision-making.