Write short answer of the following : Write about the nature of Controlling.

Write short answer of the following :

Write about the nature of Controlling.

ANSWER:

The following points highlight the nature of controlling:

i. Pervasive - Controlling is a pervasive function. It is exercised by all managers, irrespective of their level, department or division.

ii. Backward-looking and forward-looking - Controlling is backward-looking, as it evaluates the past performances against the pre-defined set of standards and takes the required corrective actions in case of any deviations. The assessment and corrective actions form the base for future planning. On the basis of those corrective actions, future plans are formed. That is why controlling is also a forward-looking function.

iii. Positive process - Controlling is a positive process, as it aims at achieving the organisational goals despite various working constraints.

iv. Continuous process - Controlling is an on-going process, as it involves constant assessment and evaluation of the progress of the tasks and activities against the set standards.

v. Goal oriented - Controlling keeps a close watch on the work in progress and constantly works towards the accomplishment of organisational goals.

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