Feedback and feedforward control
Feedback and feedforward control systems form the backbone of effective budgetary control in organisations. This lesson explores how feedback mechanisms analyse historical performance through variance analysis, while feedforward controls use forecasts to proactively prevent variances and guide future outcomes, enabling businesses to align operations with strategic objectives.
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In this lesson
- 0:00 Introduction to Control Systems
- 1:59 Feedback System Explained
- 3:23 Feedforward System Overview
- 6:38 Analysing Business Reports Example
About this lesson
Discover the pivotal roles of feedback and feedforward control systems in strategic business planning. This video elucidates the differences between analysing past performance through feedback systems, like variance analysis, and proactively shaping future outcomes with feedforward controls, using forecasts to meet business targets. Learn how these mechanisms can optimise operations, prevent negative outcomes, and drive positive results by aligning with strategic goals. Perfect for professionals keen on enhancing decision-making processes, this guide offers actionable insights into steering businesses toward success.
Duration: 7m
- Feedback control systems
- Feedforward control systems
- Variance analysis
- Forecasting and prediction
- Strategic alignment
- Performance measurement
Transcript
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