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Islamic Financial System as an Effective Planning & Control Framework in Kuwait
Finance & Accounting
Pages 15 (3765 words)
Planning and Control Framework Table of Contents Planning and Control Framework 1 Table of Contents 2 Introduction 3 Thesis Statement 4 Planning & Control Framework 4 The Concept of Islamic Financial System & Kuwait 5 Islamic Financial System as an Effective Planning & Control Framework in Kuwait 9 Islamic Financial System and its Strengths from Kuwait’s Perspective 10 Conclusion 15 Works Cited 17 Introduction The application of planning as well as control has been acknowledged as elementary in relation to the management practice in organizations since long.
Planning helps in arranging the required business operations in a sequence which facilitates in carrying out the functions in an effectual way. The control process refers to the activities of handing over, assessing and modifying resources on a constant basis for the reason of attaining the intended goals of a particular organization. Similarly, the function of control has been referred to a procedure that is supposed to be undertaken by the organization or its managers with the purpose of making certain that the definite performance obey the rules as specified in the plans of the organizations. Control relates to the process of measuring the performance of the organizations in opposition to a developed plan along with making modifications or alterations accordingly in the established plan or in the business operations whichever is considered to be required or even both at times. ...
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