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Controlling is blind without _________________
  • a)
    Staffing
  • b)
    Budgeting
  • c)
    Capital market
  • d)
    Planning
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Controlling is blind without _________________a)Staffingb)Budgetingc)C...
Controlling is blind without Planning
Controlling is an essential function of management that involves monitoring and ensuring that the organization's goals are achieved effectively and efficiently. However, without proper planning, controlling becomes blind and ineffective. Here's why:
1. Setting objectives: Planning helps in establishing clear objectives and goals for the organization. These objectives provide a basis for measuring performance and determining whether the organization is on track or not.
2. Identifying key performance indicators (KPIs): Planning helps in identifying the KPIs that need to be monitored and controlled. These KPIs act as benchmarks for measuring performance and making necessary adjustments.
3. Establishing standards: Planning involves setting standards against which actual performance can be compared. These standards serve as a basis for evaluating and controlling performance.
4. Allocating resources: Planning helps in allocating the necessary resources, such as manpower, finances, and materials, to achieve the desired objectives. Without proper planning, resources may be misallocated, leading to inefficiencies and ineffective control.
5. Creating accountability: Planning creates a sense of accountability within the organization. It sets clear expectations and responsibilities for each individual and department, making it easier to assess and control their performance.
6. Identifying potential risks: Planning involves identifying potential risks and developing strategies to mitigate them. Without proper planning, these risks may go unnoticed, leading to unexpected outcomes and ineffective control.
7. Providing a roadmap: Planning provides a roadmap for achieving the desired objectives. It outlines the steps and actions required to reach the goals, making it easier to control and monitor progress.
In conclusion, planning is crucial for effective controlling. It sets the foundation for measuring performance, establishing standards, allocating resources, creating accountability, identifying risks, and providing a roadmap for success. Without proper planning, controlling becomes blind and ineffective, making it difficult to achieve organizational goals.
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Controlling is blind without _________________a)Staffingb)Budgetingc)Capital marketd)PlanningCorrect answer is option 'D'. Can you explain this answer?
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