Banwari Lal is a cloth merchant in Karol Bagh. His grandsons are requesting him to let them diversify the business into bridal wear. Banwari Lal has agreed but on the condition that they will follow the function of management he has always followed, which helps an organisation in keeping track of the progress of activities and ensures that the activities conform to the standards set in advance so that the organisational goals are achieved. Name the function of management which Banwari Lal is asking his grandsons to follow. List any two reasons why it is considered an indispensable function of management.
Answers
Answer:
Controlling
Explanation:
Controlling is named as indispensable function of management
Controlling is the function of management which is used by Banwari Lal.
Explanation:
Controlling is the one among the function of management which comes in order to rescue the manager. It is the function which helps in keeping or maintaining a track record on the progress of the activities.
It also ensures that the activities to conform with the standards so that the firm or the business goals could be achieved or accomplished. And it is one of the vital functions of the manager.
Therefore, the function which Banwari Lal is the Controlling function.
The 2 reasons why the controlling is considered to be the indispensable management function because:
1. Make an efficient use of the resource - Controlling function make the use of the human as well the physical resource efficiently. Under this function, it is ensured that no employee delay his or her performance or work.
2. Achieve the goals or the objectives of the firm - This function is executed in order to take care of the plans. With the help of this function, the deviations are easily detectable and on time the corrective actions or measures could be taken.