Sunday, 15 March 2020

Controlling

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Controlling


Controlling is an important function of management.
It is the process that measures current performance and guides it towards some
predetermined objectives.
Control is fully consistent with freedom. In fact, they are inter-dependent.
Without control, freedom cannot be sustained for long.
The control system should be appropriate to the nature and needs of the activity.
A large firm calls for controls different from those needed for a small firm.
The techniques of control involve the feed forward control, concurrent control and the
feed-back process.
There are several techniques to establish the control system in an organisation like CPM,
Gantt Chart, PERT, etc.


Budgeting: Making a written account of all the expenses and revenues planned.
Control: Restrain or regulate.
Feed Forward: Reverse of a feedback, it is the 'self-fulfilling prophesy' process that turns logical
cause-effect relationships upside down.
Feedback: The process in which part of the output of a system is returned to its input in order to
regulate its further output.

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