Control techniques can be studied under: A. Traditional Techniques B. Modern Techniques. Traditional techniques of controlling includes: 1. Budgetary Control 2. Standard Costing 3. Financial Ratio Analysis 4. Internal Audit 5. Statistical Control 6. Break-Even Point Analysis 7. Personal Observation 8. Financial Ratio Analysis 9. Internal Audit. Modern techniques of controlling includes: 1. Network Techniques (PERT and CPM) 2. Management [...]
Controlling is the last function of management and ensures that all earlier functions are performed as desired and planned. It is defined as a management function which aims at ensuring that organisational activities are performed as planned by comparing the actual execution with the plans made. Further, on comparison, if any deviations are found, then controlling also finds out the [...]
Controlling is the process of evaluating the actual performance in comparison with the planned targets and taking suitable corrective actions whenever necessary. Through controlling the manager keeps watch on the situation, monitors it regularly make sure that the work is done in a planned way and takes suitable actions to that effect. A good controlling system is generally designed to [...]