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Answer the Following Question: Explain Any Five Points Which Highlight the Importance of Controlling the Function of Management. - Business Studies

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Answer in Brief

Answer the following question:
Explain any five points which highlight the importance of controlling the function of management.

Answer the following question:
State any five points that highlight the importance of controlling.

Answer the following question:
Explain any four points of importance of the controlling function of management.

Answer the following question:
State any five points of importance of controlling the function of management

Answer the following question:
Explain any four points that highlight the importance of controlling.

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Solution 1

Controlling function of management is primarily concerned with creating benchmarks of performance and comparing the actual results with those benchmarks. It thereby aims to correct the fallacies in performance and enhance the quality of performance.

Importance of controlling can be highlighted using the following points:

  1. Accomplishing tasks: Controlling focuses on getting tasks planned by the organisation done in an efficient and effective manner. It makes sure that the organisation does not deviate from its original goal.
  2. Creating and revising benchmarks: Controlling aims at creating correct benchmarks of performances for different employees and revising them according to the changes made in the organisational structure. Benchmarks become targets for employees.
  3. Efficiency: Controlling makes sure that the means or resources of the organisation are being used judiciously without any wastage. It aims to make the best use of all the physical and human resources of the organisation.
  4. Positive environment: When employees know their targets, they can easily determine the anticipation of the company from them. This makes the environment in the organisation competitive and positive to accomplish tasks.
  5. Ensures cordial relationships and hierarchy: Controlling benchmarks ensure that the employees follow a certain code of conduct and respect corporate hierarchy to achieve their performance goal. This results in the formulation of a conductive environment.

Solution 2

Points highlighting the importance of controlling in an organisation:

  1. Achieving goals: Controlling ensures that various activities are carried out correctly according to the plans. It ensures that deviations if any are identified and appropriate corrective action is taken.
  2. Reviewing standards: An effective control system ensures that standards are set accurately. As the business environment changes, it ensures that the standards are also reviewed so as to adapt to the changes taking place.
  3. Enables efficiency in resource utilisation: An effective control system ensures that there is minimum wastage of resources. In other words, it ensures that the resources are utilised optimally and in the most efficient manner.
  4. Better motivation: With controlling, employees know what is expected of them and how their performance would be evaluated. This clarity motivates employees to perform better
  5. Maintain order: Controlling helps keep a close watch on the activities and behaviour of employees. In this way, it helps in maintaining order and discipline in the organisation
  6. Ensures coordination: With proper controlling, the efforts of the various departments can be unified towards the common goals and objectives of the organisation. The existence of predefined standards of evaluation ensures coordination in the activities of various departments
Concept: Importance of Controlling
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