BCom Notes Part II Management Control

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Control

Define Control. Discuss the importance of Control in organizational system also explain the elements of control. Meaning and Definitions of Control

Control is necessary function to make all other managerial functions effective. Its ensures that the corporate goals are achieved effectively and efficiently. Controlling is the process that the corporate goals are achieved effectively and efficiently. Controlling is the process by which management regulates that work activities according to designed plans, policies, procedures and programs so as to ensure the accomplishment of the organizational resources and people in a direction leading to organizational goals.

some important definitions of control may be given as follows:

Henri Fayol

Control consists in verifying whether everything occurs in confirmatory with the plan adopted, the instruction issued and principles established. It has for object to point our weaknesses and errors in order to rectify them and prevent recurrence. It operates on everything, things, people, action.

Theo Haimann and William Scott

Controlling is the process which check the performance against standards. It makes sure that organization goals and objectives are being met.

Robert Anthony

Management control is the process by which managers assure that resources are obtained and used effectively and efficiently in the accomplishment of an organization’s objective.

Weihrich and Koontz

Controlling is the measurement and correction of performance in order to make sure that enterprise objectives and the plans devised to attain them are being accomplished.