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Assingnment on Principles of Management

Assingnment on Principles of Management

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Published by: aftab on Apr 29, 2009
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09/07/2010

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ASSIGNMENT ON
 PRINCIPLES OF MANAGEMENT 
SUBMITED BY:-
AFTAB JALIL AHMED
ROLL NO:-13FY BBA
IHTM SYDENHAM COLLEGE OF COMMERCE &ECONOMICS
 
Q 1:-
What is controlling? Explain various principles and steps in controlling process?
Q 2:-
What is social responsibility of the business? Explain the responsibility of  business towards owner, employees, customers and society in detail?
Q 3:-
Who is the leader of the business? Explain in detail the various qualities of the leader and the various types of leaders and leadership? 
 
 Solution 1, Definition:-
“Controlling is a process of monitoring and performance and takingcorrective measures, if required.”According to George Terry, “Controlling is determining what is beingaccomplished that is, evaluating the performance and if necessary applyingcorrective measures, so that the performance takes place according to the plans.”Another example of controlling in the word of Robert, “Managementcontrol is the process by which managers assure that resource are obtained andused effectively and efficiently in the accomplishment of organization objectives.”
Various principles of 
controlling
:-
A good control system offers the following principles.
Guide to operation:-
Control system guides the action of the organization.Activities are undertaken in the right direction. It acts as a traffic signal postand keeps the activities moving on the right track.
Facilitates performance:
-Controlling system facilitates employee appraisal.The actual performance is measured in the light of the plans. The superior can easily measured the performance of his subordinates and provide themnecessary performance feedback.
 Improves morale:
-Employees are aware that their performance is reviewed periodically. They will put in their best efforts to show better performance.Thus, employee morale is improved because those employees who show better performance are normally rewarded.
Facilitates coordination:
-Controlling facilities coordination among thevarious department of the organization. Whenever there are any deviations,the concerned departments come together to review and to take collectiveand corrective measures.
 Higher efficiency:
-Controlling brings in higher efficiency to theorganization. This is because of optimum utilization of resource and

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