Controlling is a dynamic process-since controlling requires taking reviewal methods, changes have to be made wherever possible. 1) Formation of standards. Thus only the important deviations which exceed the prescribed limit should be brought to the notice of management. All of these steps are necessary to be followed in order to control effectively.
Controlling is related with planning-Planning and Controlling are two inseperable functions of management. Management by exception or control by exception is an important principle of management control. The process of controlling in management consists of four steps. Controlling always look to future so that follow-up can be made whenever required.
The controlling function does not end by taking corrective action as it is a continuous process.
The first step of the controlling process is the formation of standards. It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action. The manager first prepares a report stating the standards expected from the project given to employees.
Controlling Definition: Control is a primary goal-oriented function of management in an organisation. Controlling as a management function involves following steps: Establishment of standards-Standards are the plans or the targets which have to be achieved in the course of business function.They can also be called as the criterions for judging the performance. Controlling is one of the managerial functions while management control can be defined as a process which managers follow to perform the controlling function.
After suggesting the corrective measure a feedback report is prepared.
Management control refers to setting of predetermined standards, comparing actual performance with these standards and, if required, taking corrective actions to ensure the achievement of organisational goals. According to this principle, an attempt to control everything results in controlling nothing. Controlling Process in Management.