Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

WHAT IS CONTROLLING IN BUSINESS MANAGEMENT, Lecture notes of Business Ethics

A comprehensive definition of controlling in management, its objectives, and features. Controlling is a cyclic process that involves comparing actual performance with the set standard of the company to ensure the effective accomplishment of organizational objectives. The document also explains the benefits of controlling in management, such as identifying actual progress, improving efficiency, facilitating coordination, measuring actual performance, eliminating wastage of resources, and meeting project deadlines.

Typology: Lecture notes

2021/2022

Available from 11/09/2022

parvathi-m-1
parvathi-m-1 🇮🇳

5 documents

1 / 3

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
What is controlling in Management?
Definition, Objectives, Feature
Controlling in management is a cyclic process that involves comparing actual
performance with the set standard of the company, to guarantee the effective
accomplishment of organizational objectives. Controlling is the last function of
management in which activities such as Setting standards, ensuring
implementation, genuine execution, and taking corrective actions in the event of
deviations are all important for the managerial job of controlling function in
management.
What is controlling in Management?
Controlling is one of the most basic functions of management such as planning,
organizing, staffing, etc. Controlling is very essential in the management process
because without controlling management can’t ensure the desired results.
Definition of Controlling in management
Controlling can be defined as a function of ensuring the actions of the employees
and workers of an organization are directed towards the attainment of a common
goal and objectives and the work is being performed as planned by the
management.
“Controlling is the act of monitoring and correcting all activities in an organization
to ensure they are being accomplished as planned.”
pf3

Partial preview of the text

Download WHAT IS CONTROLLING IN BUSINESS MANAGEMENT and more Lecture notes Business Ethics in PDF only on Docsity!

What is controlling in Management?

Definition, Objectives, Feature

Controlling in management is a cyclic process that involves comparing actual performance with the set standard of the company, to guarantee the effective accomplishment of organizational objectives. Controlling is the last function of management in which activities such as Setting standards, ensuring implementation, genuine execution, and taking corrective actions in the event of deviations are all important for the managerial job of controlling function in management.

What is controlling in Management? Controlling is one of the most basic functions of management such as planning, organizing, staffing, etc. Controlling is very essential in the management process because without controlling management can’t ensure the desired results.

Definition of Controlling in management Controlling can be defined as a function of ensuring the actions of the employees and workers of an organization are directed towards the attainment of a common goal and objectives and the work is being performed as planned by the management.

“Controlling is the act of monitoring and correcting all activities in an organization to ensure they are being accomplished as planned.”

Definition of Controlling by renowned Authors

Controlling is the process of checking whether or not expected progress is being made towards the objectives and goals and acting if necessary, to correct any deviation. – Theo Haimann

Controlling is the measurement & correction of performance activities of subordinates in order to make sure that the organizational objectives and plans desired to obtain them as being accomplished. – Koontz & O’Donnell

Meaning of Controlling in management Controlling means guaranteeing that exercises in an organization are preceded according to the plans. Controlling likewise guarantees that an organization’s assets are being utilized viably and effectively for the achievement of wanted objectives.

Objectives or Benefits of Controlling Objectives or Advantages and Benefits of Controlling in management are as follows;

  1. Identify the actual progress of the work in the company.
  2. It helps the R&D department to improve efficiency.
  3. It facilitates coordination in the organization.
  4. To measure the actual performance with the set standard.
  5. To calculate the actual quantity and quality of the product.
  6. To eliminate wastage of resources.
  7. To meet the deadline of the projects.