3. Introduction
Definition:-
HENRY FAYOL SAID THAT,”IN AN UNDERTAKING,CONTROL CONSISTS IN
VERIFYING WHETHER EVERYTHING OCCURS IN CONFIRMITY WITH THE PLAN
ADOPTED, THE INSTRUCTIONS ISSUED AND PRINCIPLES ESTABLISHED.”
GEORGE R TERRY ALSO DEFINED IT AS,”CONTROLLING IS DETERMINING
WHAT IS BEING ACCOMPLISHED THAT IS EVALUATING THE PERFRORMANCE,
IF ANY NECESSARY, APPLYING CORRECT MEASURES SO THAT THE
PERFORMANCE TAKES PLACE ACCORDING TO PLANS”
6. Minimizes errors
Order and discipline
Improved financial performance
Faster communication and co-ordination
Improves efficiency
Helps monitor performance
Advantages
8. Influence of external factors
Expensive
Lack of satisfactory standards
Opposition
Limitations
9. Steps in controlling
Setting of
control
standards
Measurement
of actual
performance
Comparing actual
and standard
performance
Taking
corrective
action
10. Types
It is a preventive control
system that will let you
prevent problems before
their occurrence.
01
Concurrent control means
solving or managing problems
as they happen. As such it is
also called side-by-side or
real-time control.
02
Feedback control, as the name
suggests, refers to a control
mechanism that solves problems
after they happen. It is a reactive
approach to controlling.
03
Feedforward
control
Concurrent
control
Feedback
control
11. Budgeting and budgetary control
Cost control
Productional planning and control
Inventory control
Break even analysis
Profit and loss control
Statistical data analysis
TECHNIQUES
12. Controlling is an important management
Controlling is an important management
function that involves ensuring tasks are
function that involves ensuring tasks are
performed according to plans, detecting
performed according to plans, detecting
deviations from plans and correcting deviations
deviations from plans and correcting deviations
to achieve set goals.
to achieve set goals.
CONCLUSION
