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Learn the meaning, importance, process and techniques of controlling, one of the primary functions of management. Controlling ensures that activities are performed as per the plans and standards set for achieving organisational goals.
Mar 16, 2018 · Download free PDF notes on Controlling, a chapter of class 12 Business Studies, from myCBSEguide app or website. Learn the meaning, importance, nature, process and limitations of controlling in organizations.
Jun 20, 2024 · Download Controlling CBSE Class 12 Business Studies Chapter 8 notes PDF for free. Secure good marks by referring NCERT Class 12 Controlling revision notes prepared by Vedantu experts.
- Controlling can be defined as the process that can be used for evaluating the work that is done within an organization. It consists of setting stan...
- The manager should use the principle of exception to deal with this situation.
- The standards that can be used to evaluate the performance of the accounting and finance department are:Flow of capitalLiquidity
- To crack Chapter 8 of Class 12 Business Studies, you must refer to Vedantu’s revision notes. Revising a chapter with these notes is very crucial as...
- Planning and controlling are not different in terms of concepts but they are different in terms of context. They are incomplete without each other....
- Preparation of plans in the form of budgets is known as budgetary control. It is necessary as it tells us how we need to move ahead by following ce...
- For knowing the importance of controlling, first, we should understand what is controlling. It refers to a technique in which we restrict our past...
- Controlling holds an important function in management. It helps in comparing the actual performance with the planned performance and helps to find...
- Controlling It can be defined as comparison of actual performance with the planned performance. According to Ricky W Griffin, “Controlling function leads to goal achievement, an organisation without effective control is not likely to reach its goals.”
- Importance of Controlling. (i) Helps in achieving organisational goods. (ii) Judging accuracy of standards. (iii) Making efficient use of resources. (iv) Improving employee motivation.
- Limitations of Controlling. (i) Difficulty in setting quantitative standards. (ii) No control on external factors. (iii) Resistance from employees. (iv) Costly affair.
- Relationship Between Planning and Controlling. (i) Planning and controlling are interdependent and interlinked activities. (ii) Planning and controlling both are forward-looking function.
Controlling is essential for effective implementation of plans. It is essential to keep a close watch on the plans, identify any deviations and take appropriate corrective actions. Without proper controlling, planning would be futile. In a similar manner, planning forms the base for controlling.
Learn the meaning, principles and techniques of controlling in business studies with NCERT solutions. Download PDF and access short and long questions, examples and case studies on controlling.
Sep 26, 2023 · 1. State the meaning of controlling. Answer. Ensuring that activities in an organization are performed as per the plans is called controlling. It also refers to using the resources of the company...
