Importance of Controlling:
(i) Ensuring order and discipline: Controlling function creates an atmosphere of order and discipline in the organisation by keeping a close check on the activities of its employees.
(ii) Judging accuracy of standards: An efficient control system enables management to verify whether the standards set are accurate or not by carefully checking the changes taking place in an organisational environment. Corrective actions mean the process of identifying and eliminating the causes of problems or possible variations thus preventing its recurrence.