Authors : Ahmed Saed Ahmed, Siti Rugayah Hj Tibek and Ideris Endot
Abstract: The issue of development is not new, it has existed since a long period of time, an idea was born between two world wars and until now is still expanding. The concept of a comprehensive and contemporary process involving all levels and areas of life and developmental processes depend on several factors, their importance varies from one circumstance to another from one country to another and developmental processes are not automatic and easy. It takes a long time to operate and set up such operations, in fact, it is not only based on the foundations of material, proper planning is necessary and the availability of a broad inventory of the resources. Considering that people who are the makers of developmental processes are responsible for this planning but this does not mean that the role of material resources in the developmental processes should be ignored. Therefore, developing countries seek to find development resources on the basis of a comprehensive plan which addresses all sectors and ensure balance in the growth of these sectors. The process of developing plans for development does not guarantee that everything is fully in the institutions, therefore one must make sure that all activities of the research will be performed as specified in the plan. So, the control process is considered necessary and important for all types of institutions when exercising and performing other management functions such as planning, organization, leadership and decision-making so that the main objective of the control is to make sure that business is going in the direction of the goals. And that these goals are achieved at a high level of efficiency, competence and peaceful human relations, thus this study aims to identify the concept and objectives of management and financial controls also identify the concept of development objectives and the factors that help in the development process and levels of development and areas, the importance of oversight in the development processes, leading to these conclusions and recommendations.
Ahmed Saed Ahmed, Siti Rugayah Hj Tibek and Ideris Endot, 2011. The Importance of Managerial and Financial Control in Developmental Processes. International Business Management, 5: 119-123.