Podcast
Questions and Answers
Definition of Controlling
Definition of Controlling
Controlling is measuring performance and taking action to ensure desired results. It is done during performance appraisal.
Importance of the Management Function of Control
Importance of the Management Function of Control
Holds employees accountable
Activities Under Control
Activities Under Control
Setting performance standards
Corrects employees when there are deviations from the plan
Corrects employees when there are deviations from the plan
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Guarantees efficient and correct use of resources
Guarantees efficient and correct use of resources
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Study Notes
Definition of Controlling
- Controlling is a management function focused on monitoring ongoing activities to ensure that goals are being met and plans are followed.
- It involves setting performance standards and evaluating actual performance against these benchmarks.
Importance of the Management Function of Control
- Essential for maintaining organizational efficiency by ensuring that resources are utilized effectively.
- Helps in identifying issues and discrepancies, allowing for timely corrective actions.
- Facilitates organizational alignment by ensuring all departments and employees are working towards common objectives.
Activities Under Control
- Involves establishing clear performance standards based on organizational goals.
- Regularly measuring performance data to track progress and identify variances.
- Enacting corrective measures when deviations from the plan are detected, aiming to realign activities with established objectives.
Corrects Employees When There Are Deviations from the Plan
- Provides feedback to employees, guiding them to adjust their actions to meet expected targets.
- Encourages a culture of accountability and promotes continuous improvement within the organization.
Guarantees Efficient and Correct Use of Resources
- Ensures that financial, human, and physical resources are employed strategically to maximize outcomes.
- Minimizes waste and promotes sustainability by closely monitoring resource usage and spending.
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Description
Test your understanding of the principles of controlling in organizational management with this Grade 12 Semester 1.
