HSC Business Organization & Management 2nd Paper 10th chapter Note Controlling

HSC Business Organization & Management 2nd Paper 10th chapter Note Controlling. Control, or controlling, is one of the managerial functions like planning, organizing, staffing and directing. It is an important function because it helps to check the errors and to take the corrective action so that deviation from standards are minimized and stated goals of the organization are achieved in the desired manner.

Management control can be defined as a systematic effort by business management to compare performance to predetermined standards, plans, or objectives in order to determine whether performance is in line with these standards and presumably in order to take any remedial action required to see that human and other corporate resources are being used in the most effective and efficient way possible in achieving corporate objectives

HSC Business Organization & Management 2nd Paper 10th chapter Note Controlling

According to modern concepts, control is a foreseeing action whereas the earlier concept of control was used only when errors were detected. Control in management means setting standards, measuring actual performance and taking corrective action. Control, or controlling, is one of the managerial functions like planning, organizing, staffing and directing. It is an important function because it helps to check the errors and to take the corrective action so that deviation from standards are minimized and stated goals of the organization are achieved in the desired manner

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