Audio available in app
Controlling involves monitoring performance and making necessary adjustments to ensure goals are met from "summary" of Fundamentals of Management (For B.Com, BBA, BBM and BMS) by J.P. Pathak
Controlling is a vital function of management that involves keeping a close eye on performance and making any required adjustments to ensure that organizational goals are achieved. Monitoring performance is a key component of controlling as it allows managers to track progress towards goals and identify any deviations from the planned course of action. By regularly monitoring performance, managers can quickly identify any issues that may arise and take corrective action before they escalate into major problems. Making necessary adjustments is another crucial aspect of controlling. Once deviations from the planned course of action are identified, managers must take prompt action to bring performance back on track. This may involve revising strategies, ...
Similar Posts
Feedback should be focused on improvement
Feedback is an essential tool for helping people improve their performance. When giving feedback, it is important to focus on i...
Never stop learning
Learning is not just something you do in school or during training sessions. It is a continuous process that should be embraced...
Innovation is stifled by red tape
Red tape is a bureaucratic invention that serves no purpose other than to create more red tape. It is a self-replicating entity...
Innovate and iterate to stay ahead of the competition
To succeed in today's competitive business environment, it is essential for companies to constantly innovate and iterate. This ...
Celebrate achievements and successes along the way
When we embark on a journey of improvement, it is essential to acknowledge and celebrate the milestones we achieve along the wa...
Stay committed to your goals for longterm success
The single most important quality you can develop for achieving your goals is long-term commitment. It is the quality of being ...
Effective resource allocation is vital for implementing new strategies
In order to successfully implement new strategies, it is essential to allocate resources effectively. This process involves mak...
Take ownership of mistakes
One of the key principles that we live by at our company is the idea of taking ownership of mistakes. It's a simple concept, bu...
Avoid the blame game
The concept of avoiding the blame game is crucial in taking ownership and accountability for one's actions and results. It is e...
Invest in building strong relationships with key stakeholders
Building strong relationships with key stakeholders is a crucial component of business success. These stakeholders can include ...