How is planning related to controlling?
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Planning and controlling are inter-related to each other. Planning sets the goals for the organization and controlling ensures their accomplishment. Planning decides the control process and controlling provides sound basis for planning. In reality planning and controlling are both dependent on each other.
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Planning is always done for the future. And control to is a forward-looking activity. The past cannot be changed or controlled, we can only focus on controlling the future. It is the objective of both these functions to combine and achieve the business objectives and goals of the firm.
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