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

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

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MIT School of Distance Education is the best Distance Learning School in India. You can enroll for any of our distance education courses and enhance your managerial skills. Controlling is an essential component of management that is mandatory to corroborate that the business is going in the right direction. MITSDE provide you the detail education of all about controlling, the important factor of management skills. – PowerPoint PPT presentation

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


1
Controlling Essential Component of
Management
  • MIT School of Distance
    Education
  • Visit us at
    https//www.mitsde.com

2
MITSDE
  • About us
  • MIT School of Distance Education (MITSDE) is an
    integral constituent of MAEER's MIT Pune,
    established in the year 2008. 
  • MITSDE is built on the culture of ambition,
    innovative thinking and with the aim to create
    the change in pursuing higher education.

3
  • MITSDE offers courses like Diploma, Post Graduate
    Diploma and PGDBA courses in the fields such as
    Marketing Management, Finance, HR, Operations,
    Information Technology, Supply Chain Management,
    Risk and Insurance Management, Fire and Safety
    Management, Retail Management, Material
    Management and more.

4
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.

5
  • 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.

6
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.

7
  • 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.

8
  • 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.

9
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.

10
  • 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.

11
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.

12
  • 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.

13
  • 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.

14
  • 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. 

15
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.

16
  • THANK YOU
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