Question

Three Marks Question:
Explain the concept of 'Controlling'. Why is it said that controlling should not be misunderstood as the last function of management?

Answer 1

Controlling function should not be misunderstood as the last function of management. It is a function that brings back the management cycle back to the planning function. Thus, the controlling function act as a tool which helps in finding out that how actual performance deviates from standards and also finds the cause of deviations & attempts which are necessary to take corrective actions based upon the same.