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State the five points that highlight the importance of controlling
State the five points that highlight the importance of controlling
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Controlling is an important function of management. It controls the managerial action by setting a standard and evaluating the variation of actual performance against the established norm. Below mentioned are the few factors that highlight the importance of control.
Helps in accomplishing company goals- The controlling function of a company evaluates the progress towards a company’s goal and identifies if there is any variation that has to be corrected.
Assessing the accuracy of standard- The control system facilitates the management to check if the established structured by the company are accurate or not by monitoring the changes taking place in the company.
Making efficient use of resources- This controlling process helps the management to reduce the wastage of resources.
Ensuring order and discipline- Controlling function generates an atmosphere of order and discipline in the company by keeping a check on the activities of its employees.
Improving employees motivation- An effective controlling makes sure that the employees are informed about all the plans in advance and what is expected from them. This will keep them motivated to give the best performance.