Question

“Prakash limited” is accompany manufacturing electrical goods Smt. Ruby is its managing

director. By her wise directions, the company has achieved great heights. A management

institute one day invited her for a lecture. There she got an opportunity to dialogue with the

students of management studies. She narrated to them the story of her success. She told them​

Answer 1

In this question, we are asked to identify the function of the management.

• Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates.
• The managing role assists in monitoring progress toward company goals, spots discrepancies, and recommends required corrective action.
• Control involves putting in place procedures to direct the team toward goals and keeping track of performance in this regard. The control function's job is to make sure the organization advances toward its set objectives.
• Achieving organizational goals: The implementation of controlling is done to take care of the organizational goals. Controlling recognizes any form of irregularity and takes appropriate remedial action.
• This aids in closing the gap between expected and actual results, hence assisting in the accomplishment of organizational goals.
• Adapting to change: An organization must adapt to a variety of environmental changes, including the appearance of new products and technology, changes in governmental rules, and adjustments in rivals' business tactics.
• Effective use of resources: Using control, the manager may minimize resource waste and ensure proper use of the resources at hand, which improves the organization's performance.

CORRECT QUESTION-

Prakash Limited” is a company manufacturing electrical goods. Smt. Renu Bala Jhingan is its managing director. Through her wise direction, the company has achieved great heights. A management institute one day invited her for a lecture. There she got an opportunity to dialogue with the students of management studies. She narrated to them the story of her success. She told them two main things. First, the employees should know that their work is being evaluated and a progress report prepared. Second, the optimum use of human and physical resources should be made possible.

(a) Based on the aforesaid paragraph write two points regarding the importance of the functions of management as discussed above.

(b) Discuss one more importance of said function not discussed above.

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