Effective Internal Control in Business Relocation Process: A Conceptual Model

Abstract

Relocation has gradually become a typical issue for many organisations. The reasons for those companies to be are, such as government restrictions on development, business growth, shortage of labour, etc. Although relocation of the business seems to have many advantages, the disadvantages due to it must not be overlooked. The involved disruption can cause serious consequence if the relocation is not effectively carried out. The business relocation can be limited by the restraints of an existing location and it becomes essential for all the business to be moved. “Badly organised and planned, with a lack of financial provision, it can ruin the business. The extent of prior planning needed for successful development in the new location is usually underestimated, even by the large firm.” (Haines,1970). It is necessary to smooth business operation during business relocation and has a well-organised plan for the whole relocation project. In this paper, the conceptual framework of internal control in business relocation process initially extended from the past literature and propose with eight steps; the relocation feasibility survey; selection of location; planning to move; financial analysis for relocation project planning; personnel policies; the local community and public relations; the transfer process and evaluate results of relocation.