Explain the process of controlling in management. What are the key steps involved in the control process, and how does it contribute to organizational success?
Explain the process of controlling in management. What are the key steps involved in the control process, and how does it contribute to organizational success?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Explain the process of controlling in management. What are the key steps involved in the
control process, and how does it contribute to organizational success?
Expert Solution
Step 1: Meaning of Controlling-
In management, controlling is monitoring organisational performance, comparing it to established goals and standards, and making appropriate adjustments to guarantee alignment. It is a critical role that aids in the maintenance of efficiency, the identification of deviations, and the implementation of remedial actions. Managers can optimise resource allocation and enhance procedures by tracking progress and outcomes, ensuring the organisation stays on pace to meet its goals.
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