Question

Answer the following question:
Explain any five points of importance of controlling, as a function of management.

Answer 1

Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. The importance of controlling are:-

1. Making efficient use of resources

2. Helps in achieving organisational objectives

3. Judging the accuracy of standards

4. Facilitate coordination in action

5. Ensures order and discipline in the organisation.