Business Studies, asked by haseeb1111, 6 months ago

What are the features of controlling

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Answered by manshi8723
0

Answer:

Features of Controlling

An effective control system has the following features:

-It helps in achieving organizational goals.

-Facilitates optimum utilization of resources.

-It evaluates the accuracy of the standard.

-It also sets discipline and order.

-Motivates the employees and boosts employee morale.

Explanation:

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Answered by leebona123
0

Answer:

Controlling

Definition: Control is a primary goal-oriented function of management in an organisation. It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action.

Every manager needs to monitor and evaluate the activities of his subordinates. It helps in taking corrective actions by the manager in the given timeline to avoid contingency or company’s loss.

Controlling is performed at the lower, middle and upper levels of the management.

Features of Controlling

  • An effective control system has the following features:
  • It helps in achieving organizational goals.
  • Facilitates optimum utilization of resources.
  • It evaluates the accuracy of the standard.
  • It also sets discipline and order.
  • Motivates the employees and boosts employee morale.
  • Ensures future planning by revising standards.
  • Improves overall performance of an organization.
  • It also minimises errors.

Controlling and planning are interrelated for controlling gives an important input into the next planning cycle. Controlling is a backwards-looking function which brings the management cycle back to the planning function. Planning is a forward-looking process as it deals with the forecasts about the future condition.

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