TOPIC OF THE DAY
DEFINITAION OF CONTROLLING :
Controlling is the process of monitoring and adjusting organizational activities
to ensure they are being accomplished as Planned.
"Control is simple the process through which manager assure that
activities confirm to planned activities"
STEP 1 STEP 2 STEP 3 STEP 4
Comparison of
Measurement actual Corrective
Establishment
of actual performance action if
of standard
performance with the neccessary
standard
FEEDBACK
BOUND BOOKS NOTES
, Controlling
TOPIC OF THE DAY
IMPORTANCE OF CONTROLLING :
1. ACCOMPLISING ORGANISATIONAL GOALS - The Controlling function
measures process towards the organizational goals and brings to light the
deviation, if any, and indicates corrective action.
2. JUDGING ACCURACY OF STANDARD - A good control system enables
management to verify whether the standard sets are accurate and
objective.
3. MAKING EFFICIENT USE OF RESOURCES - By exercising control, a
manager seeks to reduce wastage and spoilage of resources. Each activity
is performed in accordance with predetermined standard and norms.
4. IMPROVING EMPLOYEE MOTIVATION - A good control system ensures
that employees known well in advance what they are expected to do and
what are the standards of performance on the basis of which they are
appraised.
5. ENSURING ORDER AND DISCIPLINE - Controlling creates an atmosphere
of order and discipline in the organization.
6. FACILITATING COORDINATION IN ACTION - Controlling provides
direction to all activities and efforts for achieving organizational goals.
BOUND BOOKS NOTES