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Unit 6 Controlling

Controlling is a managerial function that seeks to ensure actual performance matches planned goals. It aims to efficiently use organizational resources to achieve predetermined objectives. The controlling process involves techniques like feedback control, where actual output is compared to planned output to evaluate team progress. There are different types of control including feed forward control, preventive control, profit and loss control, and return on investment control. Computers can also be used to aid controlling and decision making functions within an organization.

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Shravak Jain
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94 views

Unit 6 Controlling

Controlling is a managerial function that seeks to ensure actual performance matches planned goals. It aims to efficiently use organizational resources to achieve predetermined objectives. The controlling process involves techniques like feedback control, where actual output is compared to planned output to evaluate team progress. There are different types of control including feed forward control, preventive control, profit and loss control, and return on investment control. Computers can also be used to aid controlling and decision making functions within an organization.

Uploaded by

Shravak Jain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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UNIT 6

CONTROLLING
CONCEPT OF CONTROLLING

 Managerial function which seeks to ensure an absolute conformity of actual


performance of organisational
 Controlling can be defined as that function of management which helps to seek
planned results from the subordinates, managers and at all levels of an
organization.
  ”It aims at ensuring that the resources of the organisation are used
effectively and efficiently for the achievement of pre-determined
organisational goals”
PROCESS OF CONTROLLING
TECHNIQUES OF CONTROLLING
CONTROL AS FEEDBACK SYSTEM

 Feedback control is a process that managers can use to evaluate how


effectively their teams meet the stated goals at the end of a production
process. Feedback control evaluates the team's progress by comparing the
output the team was planning on producing to what was actually produced.
TYPES OF CONTROL

 Feed forward control - The basic concept of feedforward control is to


measure important disturbance variables and take corrective action before
they upset the process
 Preventive control - Preventive controls aim to decrease the chance of
errors and fraud before they occur, and often revolve around the concept of
separation of duties.
 Profit & Loss control - It is the process of monitoring, recording, and
directing a business's revenue and spending. P&L management includes
activities like revenue retention and optimization, customer churn, pricing,
and managing cash flow.
 ROI - A calculation of the monetary value of an investment versus its cost.
USE OF COMPUTER IN CONTROLLING AND
DECESION MAKING

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