Question 50 of 50
Q.Define 'controlling'. Explain the importance of controlling.
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2020Subjective· 10mImportance★★★★★
100% · 50/50 Questions
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Start your 14-day free trial to unlock the full solution →Controlling is the last function of management that measures actual performance against standards and corrects deviations. It is important because it ensures goal achievement, order and discipline, efficient use of resources, better coordination and improved future planning.
Definition: Controlling is the management function of measuring actual performance, comparing it with the planned standards, finding deviations, and taking corrective action so that objectives are achieved as planned.
Importance of controlling:
- Achievement of goals — it keeps all activities directed towards the planned objectives.
- Checks deviations — it detects errors and gaps early and helps correct them in time.
- Efficient use of resources — it prevents wastage of men, money, material and machines.
- Order and discipline — it maintains discipline by checking dishonesty and irregularities.
- Better coordination — it keeps the work of different departments in line with overall plans. …
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