Carl Rix started his own restaurant supply company three years ago.Until recently,he has never really concerned himself with establishing a formal control system.Now,however,he has experienced some financial problems and is concerned that his company may not be operating as efficiently as it should.He has decided that a formal control system is needed.The first step Carl should take to set up a control system is to:

Question

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The first step Carl should take to set up a control system is to devise a set of clear performance standards. This will help him to establish expectations for his employees and measure their performance against those expectations. Drawing up a formal organization chart or designing an accident report form can come later in the process, but setting clear performance standards is the most important first step. Talking to his banker to set financial goals may also be important, but it is not related to establishing a control system.

Carl Rix Started His Own Restaurant Supply Company Three Years