Question

Explain the following points of importance of controlling function of management :

(i) Accomplish organisational goals

(ii) Making efficient use of resources

Hint:

For each point, say how controlling helps: it tracks work against the plan to reach goals, and it checks activities against standards to avoid waste of resources.

Answer 1

Step 1: Point (i): Accomplishing organisational goals:
Every firm plans to reach certain goals, and controlling keeps the work moving in that direction.
It compares actual performance with the plan and shows where the firm is falling behind.
Corrective action then brings the work back on track, so the goals are more likely to be achieved.

Step 2: Point (ii): Making efficient use of resources:
Resources such as men, money, machines and material are limited, and they must not be wasted.
Controlling measures each activity against a standard, so wasteful use is noticed early.
Each activity then gets what it needs and no more, which cuts cost and raises the output from the same resources.

Final Answer:
Controlling helps reach goals by correcting deviations and ensures efficient use of resources by checking each activity against its standard.