Explain any three points that highlight the importance of controlling function of management.?

Question

Answer

Controlling assures that organization's resources are utilized effectively and efficiently, controlling also assures that the activities of the organization are performed as per the plans.

Importance of Controlling functions are:

(1) Accomplishing Organizational goals: Controlling function measures progress towards organisational goals.

(2) Judging accuracy of standards: A good control system enables to set accurate standards.

(3) Making efficient use of resources : A manager seeks to reduce the wastage of the resources used by exercising controlling functions.

Answer

Improving employee motivation, ensuring order and discipline , making efficient use of reasource

Answer

Importance of Controlling Function of Management

1. Ensuring Goal Achievement
Controlling function of management plays a crucial role in ensuring that the organizational goals and objectives are achieved effectively and efficiently. By monitoring and measuring the performance of employees and processes, managers can identify deviations from the set targets and take corrective actions to realign the activities towards the desired outcomes. This helps in maintaining focus on the organizational goals and ensures that resources are utilized in a productive manner.

2. Improving Decision Making
Effective control systems provide managers with accurate and timely information about the performance of various departments and individuals within the organization. This information enables managers to make informed decisions regarding resource allocation, process improvements, and strategic planning. By having a clear understanding of the current state of affairs, managers can make proactive decisions to address any issues before they escalate and impact the overall performance of the organization.

3. Enhancing Organizational Efficiency
Controlling function of management helps in identifying inefficiencies and bottlenecks within the organization's processes. By analyzing performance data and identifying areas of improvement, managers can streamline operations, eliminate redundant tasks, and optimize resource utilization. This leads to increased efficiency, reduced costs, and improved overall performance of the organization. Through effective control mechanisms, managers can ensure that the organization operates in a smooth and efficient manner, thus enhancing its competitive advantage in the market.

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