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Friday, 14 December 2012

Principles of Management

What is Controlling? The word control suggests the operations of checking, testing, regulation, verification, or adjustment. As a management function, control is the function of taking the indispensable preventive or nonindulgent actions to ensure that organizations mission and objectives argon accomplished as effectually and efficiently as possible. Objectives are yardsticks against which actual performance can be measured. (ROBERT KRETNER, way, 7th Edition, A.I.T.B.S. PUBLISHERS AND DISTYRIBUTORS, NEW DELHI, INDIA) The management process is completed when effective controlling has been accomplished. Controlling is concerned with 1) comparing events with plans and 2) making obligatory corrections where events have variegated or are expected to deviate from plans. Controlling is the process by which managers sees if what happens is what is supposed to happen. If not, necessary adjustments are made. Franklin G. Moore rightly observed, Theres many a situation between giving work assignments and carrying them out. Get reports of what is being done, comparability it with what ought to be done, and do something about it if the two arent the same. (Franklin G. Moore, Management: organization and Practice, Harper and Row, New York, 1964, p.
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122) Managerial control is a process directed toward ensuring that performance of operations and personnel adheres to plans. A control system is essential because the future is uncertain. Assumptions about the interior(a) and external environment which were the basis of the forecast may tell invalid; strategies may not be applicable; budgets and programs may not be effective. Managerial control is a process that evaluates performance and takes corrective action when performance differs significance and takes corrective action when performance differs significantly from plans. With managerial control, any deviations from forecasts, objectives, or plans can be located early and corrected with lower limit difficulty. (Arvind V. Phatak,... If you want to get a full essay, order it on our website: Ordercustompaper.com

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