Scribd
Upload
43 views6 pages

Management Control Essentials

Controlling refers to comparing actual performance to planned performance and taking corrective action for any deviations. It is exercised at all management levels and in both business and non-business organizations. Controlling helps accomplish organizational goals by ensuring resources are used efficiently and progress is made towards objectives. It also allows management to evaluate the accuracy of standards and policies and motivate employees by setting clear expectations. Controlling creates discipline and reduces waste, while planning provides the standards for controlling to monitor and ensure plans are followed.

Uploaded by

Nitish Garg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
43 views6 pages

Management Control Essentials

Controlling refers to comparing actual performance to planned performance and taking corrective action for any deviations. It is exercised at all management levels and in both business and non-business organizations. Controlling helps accomplish organizational goals by ensuring resources are used efficiently and progress is made towards objectives. It also allows management to evaluate the accuracy of standards and policies and motivate employees by setting clear expectations. Controlling creates discipline and reduces waste, while planning provides the standards for controlling to monitor and ensure plans are followed.

Uploaded by

Nitish Garg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 6

Topic- Controlling

Controlling it refers to the


comparison of actual performance
with the planned performance in
case of deviations between
actual performance and planned
performance.
# Some important points about
controlling1 controlling is pervasive in nature
as it is exercised at all levels of
management
Controlling is applied in business
and non business organization.
2 controlling is a goal oriented
function as it aims to ensure that

resources are fully and efficiently


utilized.
3 controlling should not be
misunderstood as it is the last
function of management.as it
involves the comparison of actual
performance with the planned
performance.
Importance of controlling
1. Accomplishing(to complete)
organizational goal- controlling
is goal oriented process.it
determines(to check) whether
results are being observed and
a good progress is made
towards the objective.it also

einvolves taking correct actions


in case of any deviation.
2. Judging accuracy of
standards(rules and
regulations)-an effecient
control system helps
management to judge whether
the standards are accurate or
not.it checks the changes take
in the organization or in the
environment and helps to
make new and update
standard.
3. Making efficient use of
resources- by applying efficient
control manager seeks to
reduce wastage and spoilage
of resources.

It ensures that activity is performed


according to the standards set by
the organization.
4. Controlling creates discipline
controlling helps to minimise
dishonesty among employees as in
the absence of controlling there is
the dishonesty among employees
And there will be a conflict
amongst themselves. Hence , it
ensures discipline in the
organization.
5. Improving employee motivationcontrolling provides
standards(rules and regulaton) for
all the employees .so employee
well in advance what they are
expected to do.so the employees
know how the work is to be done

according to standards.it motivates


the employee to give a better
result to the organization.
Relationship between planning and
controlling1.Controlling is blind without
planning-controlling involves
comparison of actual performance
with the standards(planned
performance)which are provided by
the planning.so when there is no
plan so manager have no basis for
controlling.
2.planning without controlling is
meaningless-once a plan is made
controlling monitors the plan which
has made and take the corrective

actions in order to ensure that


plans are strictly followed.without
the controlling a good plan become
meaningless.

You might also like