All about Controlling - An essential component of management | MIT School of Distance Education

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Controlling Essential Component of
Management

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MITSDE

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• MIT School of Distance Education (MITSDE) is an
  integral constituent of MAEER's MIT Pune,
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All about Controlling An essential component
of management

• Controlling is a significant component of
  management that is mandatory to corroborate that
  the business is going in the right direction.
  Controlling is a process whereby it is ensured
  that any work or activity performed by the
  employees is carried out in accordance with the
  set targets or standards.

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• Since controlling is performed at all levels of
  management, it leads to decentralization of
  authority and better achievement of end goals. In
  the process of controlling, all the errors or
  deficiencies in the project are identified and
  rectified in the earliest so that the business
  faces minimal losses and similar errors can be
  mitigated in the near future.

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The Features of Controlling

• Pervasive in Nature
• Controlling is performed at all levels of
  management but at different levels, its nature
  may differ.
• Achievement of organizational goals 
• Healthy controlling and best implementation of
  the desired plan accomplishes the organizational
  goals in the best way.

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• Motivation to employees
• Controlling leads to regulation in an
  organization. The employees understand what their
  managers expect from them and they are also
  accustomed to the anticipated standards thereby
  leading to the improvement in their self-esteem.
  Performing work against the set standards
  motivates the employees to work hard and gain
  more rewards.

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• Improvement in future results
• Controlling is based on a forward-looking
  approach, i.e. it has its relation to the future.
  One cannot change any past situation but any
  happening in the future can be controlled.

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Process of Controlling

• Establishment of desired results
• To facilitate controlling in the best way,
  setting the standards against which the work or
  activities will be performed is the very first
  step.
• Measuring the actual performance
• After the establishment of standards, the actual
  performance of the employees is to be measured in
  the same terms in which the standards were
  established.

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• Comparing the performance with the standards 
• Once the performance is measured, it is compared
  with the set standards to identify whether
  everything is under control. If not, then the
  extent of deviation from the established
  standards is figured out.

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Types of Control

• Concurrent Control
• Since the business environment is dynamic, it
  becomes important to control the activities from
  time to time. When the work performance is
  audited in regular intervals and the actions are
  also taken before it causes any inconvenience,
  then this is termed as concurrent c.

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• Feedback Control 
• When some information is taken about any finished
  task and it is utilized in improvising or
  controlling the same type of task in near future,
  then this is termed as feedback control.

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• Predictive Control 
• Future is unpredictable but some assumptions
  regarding the errors can be made in the present
  so that corrective actions can be taken much
  before the occurrence of such a situation. This
  is called predictive control.

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• So, these were the fundamentals of controlling
  which is one of the essential component in
  management. At MIT School of Distance Education
  (MIT-SDE), we familiarize all our students to
  these concepts of controlling so that they can
  practice these in their respective domains. 

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Conclusion

• MITSDE is one of the best Distance Online MBA in
  Pune . MIT-SDE aims at creating skilled managers
  and entrepreneurs through its MBA-equivalent
  courses, so each specialization course includes a
  unit on controlling. You can enroll for any of
  our distance education courses and enhance your
  managerial skills.

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