Effective control systems must be able to provide accurate and timely data, even when unanticipated events occur. In today's businesses, this is often accomplished by:
a) Assigning managers in each functional area the responsibility of monitoring performance.
b) Conducting periodic SWOT analyses to determine where the organization is most vulnerable.
c) Comparing performance data with similar data from competitors.
d) Utilizing technology in all areas of the operation to capture the data necessary for evaluating performance.