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Business Studies

Understanding Managerial Control

Controlling i...

Question

Controlling is a systematic process involving a series of steps. Do you agree? Discuss it briefly.

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Solution

Yes, controlling is a systematic process which involves the following steps:

(i) Setting performance standards.

(ii) Measurement of actual performance.

(iii) Comparing actual performance with standards.

(iv) Analysing deviations.

(v) Taking corrective action.

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Similar questions

Q. Four Marks Question:
"Controlling is a systematic process involving a series of steps."

State the steps involved in the process.

Describing briefly the steps in the process of controlling.

Q. Five Marks Question:
Describe briefly the steps in the process of controlling.

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Q. Three Marks Question:
The last step in the process of controlling is 'taking corrective actions'.

Briefly explain the steps in chronological order that are taken in the process of controlling before this step.

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