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Question
Explain - (i) Accomplishing organisational goals and (ii) Judging accuracy of standards as importance of controlling function of management.
Solution
The importance of controlling function of management are as follows:
- Accomplishing organisational goals: The controlling function monitors progress toward organizational goals and indicates deviations for corrective action. This helps to close the gap between expected and actual performance, allowing the organization to meet its goals.
- Judging accuracy of standards: An effective control system enables management to determine if the standards set are accurate or not by closely monitoring changes in an organization's environment. Managers usually evaluate the work done to a set of specified standards defined for the task and assess whether the set of standards is effective or if there is a need for improvement in the standards, which will lead to a more accurate estimate of process efficiency.
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RELATED QUESTIONS
Explain any two points highlighting the importance of 'controlling' function of management.
A company ‘M’ limited is manufacturing mobile phones both for domestic Indian market as well as for export. It had enjoyed a substantial market share and also had a loyal customer following. But lately it has been experiencing problems because its targets have not been met with regard to sales and customer satisfaction. Also mobile market in India has grown tremendously and new players have come with better technology and pricing. This is causing problems for the company. It is planning to revamp its controlling system and take other steps necessary to rectify the problems it is facing.
Questions
1. Identify the benefits the company will derive from a good control system.
2. How can the company relate its planning with control in this line of business to ensure that its plans are actually implemented and targets attained.
3. Give the steps in the control process that the company should follow to remove the problems it is facing.
4. What techniques of control can the company use? In all the answers keep in mind the sector of business the company is in.
Priya is a regional manager of XYZ. Ltd. She is a hardworking employee and is trying to reduce wastage of resources in her company. She has set standards for performance of different activities and is ensuring that targets are met according to these standards with minimal wastage of resources. She has set up CCTV cameras which helps her to keep a close check on the activities of the subordinates and know how the employees are performing. She also rewards the employees with a bonus when these standards are met. She is trying her best to ensure a good performance of her team this year through the application of an important function of management. Explain any two benefits of the function of management highlighted above.
Which of the following are the factors that highlight the importance of controlling.
What should be the 'focus point' for a manager while controlling, as controlling at each and every step is not possible?
"Employees know well in advance what they are expected to do and what are the standards of performance on the basis of which they will be appraised, which in turn help them to give better performance."
Which importance of controlling is highlighted above?
Amrita keeps machines, materials, tools, etc. ready for operations by concerned workers. Whose work is described by this statement under functional foremanship?
"Employee know well in advance what they are expected to do and what are the standards of performance on the basis of which they will be appraised, which in turn help them to give better performance."
Which importance of controlling is highlighted above?
Control is exercised :
Which of the following is not an importance of controlling function?
How does controlling function of management 'ensures order and discipline’ and 'helps in judging accuracy of standards’? Explain.
State any three reasons as to why controlling is regarded as an indispensable function of management.
Explain the importance of controlling.
Explain the importance of controlling.
Explain the importance of controlling.
Explain the importance of controlling.
