1. Simple
A good control system should be easy and clear to understand and operate. Control system that is not easily understood by the users is of no value. The instruction should be unambiguous to follow. The controlling techniques which are complicated such as complex mathematical formula, charts, graphs, advanced statistical method should be as far as possible avoided because such techniques may fail to communicate the meaning.
2. Timeliness
The information of management should be get in proper time so that corrective actions can be taken in time. There are many problems in the organization which require immediate attention. If the information about such problems is not evaluated in a right time, then such information may become useless and damage may occur. The means of information must be collected, processed, and evaluated quickly.
3. Flexibility
It is important that controlling system should be flexible enough to keep pace with changing conditions of the business. The effective control system must be flexible enough to adjust to any adverse changing conditions of the business. Flexibility in control system can be introduced by preparing alternative plans for varios solutions of problems.
4. Focus on strategic plan
An effective control system focus on those critical areas where deviations from standards are most likely to occur or would do the greatest damage. The control system should also concentrate on those areas where corrective action can be most effectively applied.
5. Integration
The people work in harmony with organizational policies when the controls are consistent with corporate values and culture. The control system has become an integrated part of the organizational environment. It has become effective in every organization.
6. Economic feasibility
The controlling system should be economical and worth its costs. The controlling system should be economical to operate. It should be easy to comprehend and apply by the concerned person. It should never be too costly in terms of both financial and human resources.
