Explain Controlling function of Management and give a suitable example
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Explain Controlling function of Management and give a suitable example
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Controlling entails ensuring that everything goes according to the plans, instructions, and principles specified. Controlling ensures that organizational resources are used effectively and efficiently to accomplish the desired results. Controlling examines the difference between actual and expected performance, identifies the causes of these differences, and aids in the implementation of remedial actions. Controlling is a vital management function, as evidenced by the fact that it is required for all management functions.
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