-For class 12 students [2022-2023]

-100% coverage of controlling

- Case studies also includes.

- Business studies - chapter -8 i.e, Controlling

I am harshit pathak currently pursuing b.com hons from lucknow university [3rd year] and cma inter 1st group qualified.

Under this master class we learn

Controlling involves comparison of actual performance with the planned performance. If there is any difference or deviation, then finding the reasons for such difference and taking corrective measures or action to stop those reasons so that they don‘t re-occur in future and that organizational objectives are fulfilled efficiently.

Importance of Controlling

1. Controlling helps in achieving organizational goals: The controlling function measures progress towards the organizational goals and brings to light/indicates corrective action.

2. For Evaluating/Judging accuracy of standards: A good control system enables management to verify whether the standards set are accurate or not by careful check on the changes taking place in the organizational environment.

3. Making efficient use of resources: By the process of control, a manager seeks to reduce wastage of resources.