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Controlling Cheat Notes

Controlling cheat notes outline the function of controlling as a means to assess performance against standards and implement corrective actions. It emphasizes the importance of achieving organizational goals, resource efficiency, and employee motivation, while noting limitations such as difficulty in quantification and resistance from employees. Additionally, it highlights the inseparable relationship between planning and controlling, detailing the controlling process steps from setting standards to taking corrective actions.

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2 views2 pages

Controlling Cheat Notes

Controlling cheat notes outline the function of controlling as a means to assess performance against standards and implement corrective actions. It emphasizes the importance of achieving organizational goals, resource efficiency, and employee motivation, while noting limitations such as difficulty in quantification and resistance from employees. Additionally, it highlights the inseparable relationship between planning and controlling, detailing the controlling process steps from setting standards to taking corrective actions.

Uploaded by

ayushkumarjha566576
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Controlling cheat notes

Meaning – It is a pervasive function. It helps to identify how far the actual


performance deviates from the standards, analyzing those standard and taking
correction actions for the same

Importance –
Accomplishing organizational goals
Checking accuracy of standards
Making efficient use of resources
Increasing employee motivation
Creates atmosphere of order and discipline
Coordination in action

Limitation –
1) Difficult to define in quantitative terms
2) No control on external forces
3) Resistance from employees
4) Costly process

Relation b/w PLANNING and CONTROLLING


1) BOTH ARE INSEPARABLE
2) BOTH ARE FORWARD AND BACKWARD LOOKING FUNCTIONS
3) Both are interrelated
4) Planning is prescriptive and controlling is evaluative
5) Planning set standards for controlling
6) Controlling checks accuracy of plans.
CONTROLLING PROCESS
1) Setting performance of standards
2) Measuring actual performance
3) Comparing actual performance with standards
4) Analyzing the deviations - critical point control , management by
exception
5) Taking corrective actions.

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