Explain any four points of importance of the controlling function of management.
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Solution
Controlling assures that organization's resources are utilized effectively and efficiently, controlling also assures that the activities of the organization are performed as per the plans.
Importance of Controlling functions are:
(1) Accomplishing Organizational goals: Controlling function measures progress towards organisational goals.
(2) Judging accuracy of standards: A good control system enables to set accurate standards.
(3) Making efficient use of resources : A manager seeks to reduce the wastage of the resources used by exercising controlling functions.
(4) Ensuring Order and Discipline: controlling function creates atmosphere of order and discipline in the organization, it also helps to keep close check on the activities of employees.