Controlling | One Shot | Class 12 | Chapter 8 | Business Studies
Rajat Arora・2 minutes read
Effective management involves the five functions of Planning, Organizing, Staffing, Directing, and Controlling, with a focus on the importance of having a good control system in an organization to ensure goals are met. Controlling entails comparing actual performance with planned performance, identifying deficiencies, and taking corrective actions, with techniques like Critical Point Control and Management by Exception used to analyze deviations and maintain standards.
Insights
- Controlling in management is a critical function that involves comparing actual performance with planned goals, identifying deficiencies, and implementing corrective actions to ensure organizational success and resource efficiency.
- Feedback and continuous monitoring are essential components of the controlling process, enabling organizations to maintain employee motivation, discipline, and coordination while ensuring adherence to standards through techniques like Critical Point Control and Management by Exception.
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Recent questions
What are the five functions of management?
Planning, Organizing, Staffing, Directing, Controlling
Why is controlling important in management?
Controlling ensures goals are met and resources are efficiently used
How does a good control system benefit an organization?
Maintains employee motivation, discipline, improves coordination, and ensures standards are followed
What are the techniques for analyzing deficiencies in controlling?
Critical Point Control and Management by Exception
How are planning and controlling interdependent functions in management?
Planning is forward-looking, while controlling assesses past performance
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