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Controlling
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Transcript

  • 1. Controlling
    • It is the process of monitoring organizational activities to ensure that they are being accomplished as they planned and taking corrective actions if there are significant deviations
    • Controlling is checking current performance against predetermined standards contained in the plans with a view to ensure satisfactory performance
  • 2. Characteristics Of Controlling
    • Forward looking
    • Continuous process
    • Exercised at all levels
    • Identified with individuals
    • End function
  • 3. Importance Of Controlling
    • Ensures better performance
    • Helps in coordination
    • Efficiency and Effectiveness
    • Managerial Responsibility
    • Source of motivation
    • To identify potential of the organization
  • 4. Control Process Measure Performance Does it match Standard performance Establish Standards Do Nothing Take Corrective Action No Yes Feedback
  • 5. Stages of Controls
    • Preliminary or Feed forward Control
    • ( These controls are based upon the future )
    • Screening or Concurrent Control
    • ( These are the controls which are being done when the activities are performed )
    • Post Action or Feedback Control
    • ( Analyses of the final output )
  • 6. Levels of Controls
    • Strategic Control
    • ( Long term control , corporate level )
    • Tactical Control
    • ( Intermediate control , Middle level )
    • Operational Control
    • ( Short term control , Lower level control )
  • 7. Barriers to Control
    • System Barriers
    • Behavioral Barriers
    • Political Barriers
  • 8. Controlling Techniques
    • Budgetary Control / Traditional
    • Budgeting ( preplanned expenditure )
    • Cost Control ( control key resources )
    • Production Planning & Control
    • Inventory Control
    • Breakeven Analysis
    • Profit & Loss Control
    • Statistical Data Analysis
  • 9. Controlling Techniques
    • Non Budgetary Control / Modern
    • Return On Investment (ROI)
    • PERT ( Programme Evaluation & Review Technique )
    • MIS
    • Management Audit