Helps in Identifying Potential of the Organisations: Control system enables the organisation to face challenges and changes as they occur and helps to explore future opportunities which the organisations can venture into. According to M. Sierpinska “controlling is a system of steering financial results with the use of planning, control and assessment, and relating them with an incentive system”. Businesses from these countries have adapted controlling to their specific character. Since this follows throughout the organization, coordination is achieved in the organization as a whole. It provides necessary feedback information for taking suitable remedial action. Controlling supports the managers in the process of reaching prompt and rational decisions as it creates a reliable and credible system of analytical information. Controlling makes superiors/supervisors to continuously monitor, supervise and motivate their employees during work. Corporate controlling is a system of harmonized actions in the management area, particularly in the area of planning and control, as well as in the area of collecting and processing information, and also – to a certain extent – in the area of organizing, staff recruiting and training, done with a view to ensure the rational implementation of the set goals. Controlling is the final but an important step of the management process. It ensures that actions conform to plans and there is complete synchronisation between physical, financial and human resources; internal and external environment; and goals at various levels. Organizing at the level of a particular job involves how best to design individual jobs to most effectively use human resources. Control bridges the gap between thinking functions and doing functions of management.

Wide geographical dispersions with respect to production, marketing and research activities make it impossible for the control mechanism to be initiated from the head office. A sound control system is important for the following reasons: A continuous control mechanism helps in detecting mistakes at early stages of performance. So these forces a manager to coordinate the activities of his sub-ordinates in such a way that each of them contributes positively towards the objectives. This way the company made corrective actions by identifying the errors and rectifying them by recalling their cars from their customers. Many jobs are now designed based on such principles as empowerment, job enrichment and teamwork. Content Guidelines 2. Finally, planners must constantly evaluate the success of their plans and take corrective action when necessary. Looking into the various roles that control system plays in the organization, the management should devise a control system which effectively meets the demands of the organization. Similarly, H. Bloch regards controlling as “a system of management which uses the mechanisms of the management accounting, oriented towards executing control via financial results”.

An effective system of control facilities delegation of authority. Need of accountability, need to detect environmental changes, need to identify operational errors and the growing complexity of present day organization significantly are the factors that contribute to the importance of controlling.

Various control techniques like budgeting, cost control, pre-action approvals allow decentralisation without losing control over activities. Control seeks to ensure which deviations are more important so that they can be given more attention. Therefore, an organization must cope with Change. The behavioral sciences have made many contributions to understanding this function of management.

In this way the wastage of all the physical resources can be prevented. Now customize the name of a clipboard to store your clips. Kaplan and D.P. I highly recommend ⇒ www.WritePaper.info ⇐, Thanks for providing helpful information and for your professionalism.

A control system helps check such tendencies before they turn into serious problems. The significance of controlling function can be described as under: An efficient system of control encourages top management to go in for decentralization of authority. Businesses, in order to survive in the market and to improve their competitive position, have begun to change their management systems while trying to implement the solutions which have proved effective in the market economy. Without control function the management process is incomplete. Thus, control is an integrated action of an organization or manager. No problem. Through the medium of control effort is made to know whether production is being done according the orders received.

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