Controlling
Madhya Pradesh Board · Class 12 · Business Studies
Summary of Controlling for Madhya Pradesh Board Class 12 Business Studies. Key concepts, important points, and chapter overview.
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Controlling is the managerial function that ensures activities in an organisation are performed according to plans. It is goal-oriented, pervasive at all levels of management, and essential for checking performance, finding deviations, and taking corrective action. It also helps complete one cycle o
Key Concepts
Controlling means ensuring that activities
Controlling means ensuring that activities in an organisation are performed as per the plans. It checks whether actual work matches the planned standa
Controlling is a goal
Controlling is a goal-oriented and pervasive function. It is performed at all levels of management and is needed in business organisations as well as
A good control system helps accomplish
A good control system helps accomplish organisational goals, verify and revise standards, reduce wastage and spoilage, improve employee motivation, en
Controlling may face difficulty in setting
Controlling may face difficulty in setting quantitative standards, little control over external factors, resistance from employees, and high cost. A s
Planning provides the standards for controlling
Planning provides the standards for controlling, so planning is a prerequisite for controlling. Planning is prescriptive and forward-looking, while co
Learning Objectives
- Explain the meaning of controlling
- State the importance of controlling
- Describe the relationship between planning and controlling
- Explain the steps in the process of controlling
- Describe the techniques of controlling
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