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Question
Write Short Note on the following:
Importance of Controlling
Solution
The importance of controlling can be explained through the following points:
i. Accomplishment of organisational goals - Controlling indicates deviations in the performance and helps in taking the required corrective measures. In this way, it helps in the accomplishment of organisational goals in an efficient manner.
ii. Evaluation of standards - It helps in assessing and reviewing the accuracy and feasibility of the set standards according to the changing business environment.
iii. Optimum utilisation of resources - Controlling ensures that each task is performed as per the set standards; this helps in ensuring minimum wastage of resources.
iv. Promotion of coordination - Proper controlling ensures that every department is aware of its activities and tasks and coordinates well with other departments in the organisation.
v. Order and discipline - The employees are aware of the fact that they are being continuously observed. Thus, dishonesty and inefficiency are minimised.
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