"Controlling is very important for increasing the performance of employees in an organization." How can a manger execute the process of controlling for achieving the organizational goods?
"Controlling is very important for increasing the performance of employees in an organization." How can a manger execute the process of controlling for achieving the organizational goods?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:"Controlling is very important for increasing the performance of employees in an
organization." How can a manger execute the process of controlling for achieving the
organizational goods?
Expert Solution
Step 1
Controlling is the process through which objective achievement can be made easier and effective. Controlling helps the management to achieve set standards for achieving organizational goals.
Step 2
Controlling process involves following steps:
- Standard setting
- Actual performance measurement
- Compare standards with actual performance
- Determine the reasons for any deviations
- Take necessary corrective actions
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