What is Controlling?
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Controlling is the main goal and responsibilities of all management in any enterprises. It is used to compare the factual performance with the standard of the company, and to make sure that the activities are performed according to the plan. Few features of Controlling are:
It helps to achieve an organization’s goal
Overview utilization of resources
Estimates accuracy of the standard
Place order and discipline
The correctness of future planning
Reduces error
An efficient control system facilitates management to avoid an unpleasant situation which results in the company’s loss.