Controlling also ensures efficient and effective use of organisational resources for achieving the goals. In order to reach a destination, a ship navigator sets a course and then constantly checks the headings—if the ship has drifted off course, the navigator makes the necessary corrections. Function of Management: Control is one of the functions of management. Hence, it is a goal oriented function. The controlling function also helps in the effective and efficient application of enterprise resources in order to accomplish the planned goals. Controlling the activities within an organization is a continuous process that resembles navigation. Managers are responsible for the work assigned to them and they will exercise control over the subordinates for ensuring the attainment of goals. Controlling Management Review (CMR) vermittelt den State of the Art in Controlling und Unternehmenssteuerung. Controlling is one of the most basic functions of management, like planning, organizing, staffing, etc. Controlling is one of the important functions of a manager. Das Magazin zeigt innovative Ideen und Wege, um Controlling noch erfolgreicher zu machen. Investment control or investment controlling is a monitoring function within the asset management, portfolio management or investment management.It is concerned with independently supervising and monitoring the quality of asset management accounts with the aim of ensuring performance and quality in order to provide the required benefit for the asset management client. Controlling in management 1. Following are the characteristics of controlling function of management-Controlling is an end function-A function which comes once the performances are made in confirmities with plans. Managers at all level of management – Top, middle and lower need to perform controlling function to keep control over activities in their areas.

Controlling is the management function of establishing performance standards, measuring actual performance activities to see if the standards have been met, and taking corrective action. In other words, the meaning of controlling function can be defined as ensuring that activities in an organization are performed as per the plans.

In the scope of industrialization, automation is a step beyond mechanization. Control is an important function of management. What is controlling A process of monitoring , comparing ,correcting performance and taking action to ensure desired results. Controlling in management 1. The purpose of controlling is to determine whether people and the various departments of the organization are on target and are achieving the progress toward the objectives that they planned to achieve. Steward Health Care has crafted a deal with its private-equity backer, Cerberus Capital Management, that transfers a controlling interest in the hospital operator to a management group. It is the process which enables management to get its policies implemented and take corrective actions if performance is not according to the pre-determined standards.

Management Control is defined as the process by which managers at all hierarchical levels ensure that their (strategic) intentions are realized.
Controlling is one of the important function of a manager.Controlling function of a manager is the most common function. This is the critical control function of management. While drawing from a variety of academic disciplines, and to help managers respond to the challenge of creative problem solving, principles of management have long been categorized into the four major functions of planning, organizing, leading, and controlling (the P-O-L-C framework). According to this principle, an attempt to control everything results in controlling nothing. Controlling is an instrument for planning, accounting, analysis and control of the status of the operations within an organization. Often, controlling and management control are considered same. It sees to it that the right things happen, in the right ways, and at the right time. 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 Definition: Control is a primary goal-oriented function of management in an organisation. In this article, you will learn all about the controlling function of management. Anger is "an emotional state that varies in intensity from mild irritation to intense fury and rage," according to Charles Spielberger, PhD, a psychologist who specializes in the study of anger.


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