Controlling-The Last Management function after Planning,Organising,Directing & Staffing.
'Controlling' is a part of subject Organisation Structure & Process(OSP).Its also a part of subject Principles of Business Management(PBM).
2. WHAT IS CONTROLLING?
FEATURES OF CONTROL
CONTROL PROCESS-
STEPS
TYPES OF CONTROL
EXAMPLES
BIBLIOGRAPHY
3. “A process of monitoring performance &
taking action to ensure desired results.”
4. ‘Control’ is one of the managerial
functions.It consists of those activities
to ensure that the performance takes
place according to the plans adopted
for achieving organisational goals.
It sees to it that the right things happen,in the right way &
at the right time.
5. 1.MANAGERIAL FUNCTION- Control is one of the
managerial functions. Each manager has to perform control
action in the organisation.
2.FORWARD LOOKING- Managers suggest corrective actions
for the future period,where past performance acts as a base.
3.CONTINUOUS ACTIVITY- Control will have to be
regularly exercised.Managerial control follows a definite pattern
on a continuous basis.
4.CONTROL IS RELATED TO PLANNING- Control cannot
be exercised without planning.First,planning has to be done &
whenever there is a deviation,then corrective measures are taken
immediately.So,planning provides a base for controlling.
6.
7.
8. Every enterprise plans its activities in advance.
Setting of standard acts as a basis to evaluate the actual
performance.
Standards are generally classified into two:-
MEASURABLE OR TANGIBLE-Those standards which can be
measured & expressed.They canbe in form of cost,output,
expenditure, time,profit,etc.
NON-MEASURABLE OR INTANGIBLE-There are standards that
cannot be measured monetarily.For example- Performance of an
employee,their attitudes towards the concern.
9. This will enable management to determine whether the
work is done according to plans or not.
10. The purpose of comparison between actual and standard
performance is-(a)to find out deviations & (b)to determine
reasons for such deviations.
Managers evaluate whether & to what extent performance
deviates from the standards of performance.
There are certain variations within the prescribed limits,but if
the deviations are above the limit,then
it needs urgent action.The managers
are required to analyse the causes and
rectify the weak areas.This is known as
‘Management by Exception’.