Question

State any four points of importance of the controlling function of management.

Hint:

Controlling is crucial for ensuring that a company’s actions align with its goals, improving performance, and minimizing risks.- External recruitment can bring fresh talent and fill specialized positions that may not be possible with internal sources. It also broadens the scope for finding the best candidate.

Answer 1

Importance of Controlling Function of Management:
1. Ensures Achievement of Organizational Goals: Controlling ensures that the actual performance of the organization aligns with the planned objectives, helping in the achievement of the desired goals.
2. Improves Performance: It helps in identifying deviations from planned activities and provides corrective actions, thereby improving overall performance.
3. Minimizes Risks and Uncertainties: Through continuous monitoring, controlling helps to identify potential risks and uncertainties early, allowing management to take preventive actions.
4. Facilitates Decision-Making: Controlling provides feedback on performance, which assists managers in making informed decisions and adjustments to strategies.