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Question 49 of 50

Q.Distinguish between the following:
Planning and Controlling.

Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2020Subjective· 5mImportance★★★★★
98% · 49/50 Questions
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Planning = deciding future course of action (first function, forward-looking); Controlling = comparing actual with planned results and correcting deviations (last function, backward-looking).

PointPlanningControlling
MeaningDeciding in advance what to do, how and whenComparing actual performance with planned performance
PositionFirst (primary) function of managementLast function of management
NatureForward-looking (future oriented)Backward-looking (reviews past/present results)
BasisBased on forecasts and objectivesBased on standards set during planning

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