Controlling: Controlling as a function of management refers to the process of comparing actual performance with the planned performance to ensure that all activities are done according to standards.
An effective controlling system helps an organisation in following ways (any five):
(i) Accomplishment of organisational goal: Controlling measures the progress of the activities and ensure that each activity is directed towards achievement of organisational goals.
(ii) Judging accuracy of standards: A good controlling reviews and verifies the accuracy and objectives of standards set at the planning stage.
(iii) Making efficient use of resources: Controlling ensures efficient utilisation of resources and reducing the scope of wastage and spoilage.
(iv) Improving employees motivation: Controlling helps the employees to achieve the predeterminal standards and motivate to achieve their potential.
(v) Ensuring order and discipline: Controlling ensures that no undesirable activities take place in the organisation and there is an atmosphere of order and discipline.
(vi) Facilitate co-ordination in action: Controlling ensures that all activities and efforts of each individual are coordinated with each other to accomplish the common objective.