Write short answer of the following :
State the importance of controlling.
ANSWER:
The importance of controlling can be explained through the following points:
i. Accomplishment of organisational goals - Controlling indicates deviations in the performance and helps in taking the required corrective measures. In this way, it helps in the accomplishment of organisational goals in an efficient manner.
ii. Evaluation of standards - It helps in assessing and reviewing the accuracy and feasibility of the set standards according to the changing business environment.
iii. Optimum utilisation of resources - Controlling ensures that each task is performed as per the set standards; this helps in ensuring minimum wastage of resources.
iv. Order and discipline - The employees are aware of the fact that they are being continuously observed. Thus, dishonesty and inefficiency are minimised.
