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Question:

Explain any four points of importance of the controlling function of management.

Solution:

Controlling assures that organization's resources are utilized effectively and efficiently, controlling also assures that the activities of the organization are performed as per the plans.Importance of Controlling functions are:
(1) Accomplishing Organizational goals: Controlling function measures progress towards organisational goals
(2) Judging accuracy of standards: A good control system enables to set accurate standards
(3) Making efficient use of resources : A manager seeks to reduce the wastage of the resources used by exercising controlling functions
(4) Ensuring Order and Discipline: controlling function creates atmosphere of order and discipline in the organization, it also helps to keep close check on the activities of employees.