control is considered important for many reasons explain any four such reasons - Business Studies - Controlling

Question

control is considered important for many reasons explain any four
such reasons

Vanita Rana · Accepted Answer

Controlling is
an important and an indispensable function of management It aims at
managing the managerial actions by setting the standards and
identifying the deviations of actual performance as against the set
standards It also ensures optimum utilisation of resources while
taking corrective measures for the deviations The following are the
factors that highlight the importance of
controlling

(i)
Achieving Organisational Goals :
Controlling aims at accomplishment of the organisational goals by
indicating the deficiencies and the corrective actions which are to
be taken It helps in moving in the right direction for attaining
the set organisational objectives

(ii)
Evaluating the Standards : Controlling
helps in judging the accuracy of the standards adopted by the
management A good controlling system enables the manager to check
whether the set standards are accurate and feasible It also helps
the organisation to review and revise the standards according to
the changing business environment

(iii)
Optimum Utilisation of Resources : A
continuous control and monitoring helps in the efficient and
optimum utilisation of resources As each work is done according to
the set standard, there is less wastage and spoilage of
resources

(iv)
Employee Motivation : By exercising
effective control, employees get to know well in advance about what
is expected from them and the standards against which their
performance will be assessed This motivates them to achieve the
assigned targets in a better way