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  • Controlling

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    jinjungjilani
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    Controlling is important for accomplishing organizational goals, judging accuracy of standards, making efficient use of resources, improving employee motivation, and ensuring order. The controlling process involves setting performance standards, measuring actual performance, comparing actual performance to standards, analyzing deviations, and taking corrective actions. Traditional and modern techniques for managerial control include personal observation, statistical reports, breakeven analysis, budgetary control, return on investment, ratio analysis, responsibility accounting, management audit, PERT, CPM, and management information systems.

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    Controlling is important for accomplishing organizational goals, judging accuracy of standards, making efficient use of resources, improving employee motivation, and ensuring order. The controlling process involves setting performance standards, measuring actual performance, comparing actual performance to standards, analyzing deviations, and taking corrective actions. Traditional and modern techniques for managerial control include personal observation, statistical reports, breakeven analysis, budgetary control, return on investment, ratio analysis, responsibility accounting, management audit, PERT, CPM, and management information systems.

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    © All Rights Reserved
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    11 views3 pages

    Controlling

    Uploaded by

    jinjungjilani
    Controlling is important for accomplishing organizational goals, judging accuracy of standards, making efficient use of resources, improving employee motivation, and ensuring order. The controlling process involves setting performance standards, measuring actual performance, comparing actual performance to standards, analyzing deviations, and taking corrective actions. Traditional and modern techniques for managerial control include personal observation, statistical reports, breakeven analysis, budgetary control, return on investment, ratio analysis, responsibility accounting, management audit, PERT, CPM, and management information systems.

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    of 3

    8.

    Controlling

     Importance of Controlling
    1. Accomplishing organisational goals
    2. Judging accuracy of standards
    3. Making efficient use of resources
    4. Improving employee motivation
    5. Ensuring order and discipline
    6. Facilitating coordination in action

     Limitations of Controlling
    1. Difficulty in setting quantitative
    2. Little control on external factors
    3. Resistance from employees
    4. Costly affair

     Controlling Process
    1. Setting performance standards
    2. Measurement of actual performance
    3. Comparison of actual performance
    with standards
    4. Analysing Deviations
    5. Taking corrective actions

     Techniques of Managerial Control

    1. Traditional Techniques
     Personal observation
     Statistical reports
     Breakeven analysis
     Budgetary control
    2. Morden Techniques
     Return on investment
     Ratio analysis
     Responsibility accounting
     Management Audit
     PERT & CPM
     Management information system

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