Plus Two Business Studies Notes Chapter 8 Controlling
Chapter 8: Controlling - Important Topics: Meaning and Definition of Controlling Importance of Controlling Limitations of Controlling Relationship between Planning and Controlling Steps in the Control Process Traditional Techniques of Managerial Control Modern Techniques of Managerial Control Controlling (നിയന്ത്രണം) Control is the measurement and subordination of subordinates' activities according to plan According to Koontz and O’Donnell” Managerial control implies the measurement of accomplishment against the standard and the correction of deviations to assure attainment of objectives according to plans”. Simple Explanation: Controlling is the function of management that checks if everything is going according to plan. It's like a GPS in a car – it constantly checks your current location against the planned route and recalculates if you go off track. Live Example 1: A teacher sets a syllabus to be completed in 3 months (plan). She gives weekl...