How is controlling a costly affair?

Dear student,
Under the controlling function the managers evaluate and assess the progress of the work that is being done. Controlling is a rigorous process wherein the managers compare the actual performance with the pre-defined standards. Moreover, it also involves taking the required corrective action. 

All this involves cost in terms of time, effort as well as money. In this way, controlling is a costly affair. 

  • -1
Controlling is a costly affair...as an efficient control system demands a higher amount of money...
And higher amount of money can only be afforded by large companies...!! and small companies cannot afford an efficient controlling system because of its high cost..thats why they are not able to cope up with the deviations..
Thts why usually larger companies are able to cope up with problems more efficiently by having an efficient controlling system...
Thus in this way its a costly affair..:-)
 
  • 0
What are you looking for?