Management controls are processes and systems that organizations use to ensure their activities align with their goals and objectives. These controls help monitor performance, assess risks, and ensure compliance with laws and regulations. By implementing effective management controls, organizations can improve efficiency and accountability. There are various types of management controls, including financial controls, operational controls, and strategic controls. Financial controls focus on budgeting and financial reporting, while operational controls ensure that day-to-day activities run smoothly. Strategic controls help organizations adapt to changes in the market and achieve long-term goals.