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Control
- 1. Control Principles ofmanagement MADE BY:- ADAMU, TUSHAR, SHAHRUKH KHAN, YUSIF.
- 2. Control Check or verify Compare with standard Regulate Exercise authority over Curb or restrain 2
- 3. Definitions “Controlling isthe measurement and correction of performance in order to make sure that enterprise objectives and the plans devised to attain them are accomplished” By Harold Koontz “Controlling means to guide someone in the direction it is meant to go” By Louis Allen 3
- 4. Characteristics of control function 1. Closely linked with other management functions 2. Used at all levels of management 3. Action oriented system 4. Control is a process of evolution 5. Regular and continuous activity 6. Control eliminates wastage 7. Dynamic and forward-looking concept 4
- 5. Complexity of modern organization Weakness in the psychologi cal make-up Maintenance of standards Employees may succumb to temptations 5 Need for control
- 6. Advantages of controlling Facilitates achievement of targets Facilitates regular consultation Facilitates co-ordination and efficiency Avoids deviations Avoids wastages 6
- 7. Advantages of controlling Facilitates achievement of targets Facilitates regular consultation Facilitates co-ordination and efficiency Avoids deviations Avoids wastages 7
- 8. Advantages of controlling Provides remedial measures Objectives oriented Introduces delegation Removes weak points Raises employee morale 8
- 9. Is too muchcontrol on employees good ? Too much of anything is bad ! 9
- 10. Steps of controllingprocess Setting standard Measure of performance Comparison of actual results with standards Corrective measures, if any Taking follow up action 10
- 11. Step 1 Setting/establishing standards or targets A standard is a criteria against which performance is measured 11
- 12. Step 2 Measuringactual performance Performance is measured in line of standards 12
- 13. Step 3 Comparingactual performance with standard performance and identifying any deviation Standard performance – Actual performance = deviation 13
- 14. Step 4 Introducingsuitable corrective measures Suitable measures to avoid suitable deviations 14
- 15. Step 5 (Final) Taking follow-up actions Follow-up is essential for every organization 15
- 16. Relation between planningand controlling Planning is pre-requisite It is looking ahead It is a mental activity Control is the effect Planning is the basis of control It is looking back It is a physical activity 16
- 17. Modern CPM-PERT Returnon investment Management audit Management information system MBO Self control Traditional Budgetary Control Cost control Break even analysis Statistical control Financial statements Direct supervision and Observation 17
- 18. Traditional Control techniques Budgetary control Technique of management control through budgets Cost control Bringing companies economy in control 18
- 19. Traditional control techniques Statistical control Reports are prepared in forms of tables and graphs Financial statements Summary of revenue and expenses during financial period 19
- 20. Traditional control techniques Ratio analysis Helps in understanding profitability and liquidity in a business Direct supervision and observation Observation of employees and their work 20
- 21. Modern control techniques Management by objective Evaluation of management as a whole Self control Freedom to determine own standards 21
- 22.