Controls (2024)

FAQs

What are the levels of control? ›

In management, there are varying levels of control: strategic (highest level), operational (mid-level), and tactical (low level). Imagine the president of a company decides to build a new company headquarters. He enlists the help of the company's officers to decide on the location, style of architecture, size, etc.

Control is defined as to command, restrain, or manage. An example of control is telling your dog to sit. An example of control is keeping your dog on a leash. An example of control is managing all the coordination of a party.

In business, control refers to the managerial control or functions of the management of a company or organisation. In a corporate environment, control refers to the major voting power to enable a company's major financial decisions.

The control function can be viewed as a five-step process: (1) establish standards, (2) measure performance, (3) compare actual performance with standards and identify any deviations, (4) determine the reason for deviations, and (5) take corrective action if needed.

Controlling is the process of assessing and modifying performance to ensure that the company's objectives and plans for achieving them are met. Control is the final role of management. The controlling function will become obsolete if other management functions are properly carried out.

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. The controlling function helps in measuring the progress towards the organizational goals & brings any deviations, & indicates corrective action.

Controlling is a primary goal-oriented function of management in an organization. It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action.

Nature of Controlling

Controlling is a goal-oriented function of management. It aims at ensuring that the resources of the organisation are used effectively and efficiently for the achievement of pre-determined organisational goals. 2. Controlling is a continuous process.

What is the last step in the control process? ›

Answer and Explanation: The final step in the control process is to take corrective action. This is done to adjust the objectives and align them with the business' day-to-day operations and long-term plans.

Control Plan Lifecycle (Prototype, Pre-launch, Production)

A control plan is a living document that evolves through different stages of a product's lifecycle: Prototype Phase: An initial draft is created during design/prototyping to identify potential issues early and plan for controls.

In a simple way, 'span of control' can be meant as the number of subordinates that report directly to one manager. Q2. Name the function of management: (i) Finding out deficiencies in implementation of plans. (ii) Establishing authority responsibility relationship between superior and subordinates.