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Question

Prakash Jha wishes to fix-standard production for worker along with standard time to complete the job. Under which function of management, standards are fixed? 


Solution

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.

Business Management

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