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CBSE Class 12 Controlling Notes: Here, students can find handwritten Class 12 Business Studies Chapter 8 Controlling Notes. This will guide you in appropriate revision for the upcoming CBSE Board Exam.
Controlling Class 12 Notes: This article hands out CBSE Class 12 Business Studies Chapter 8 Controlling Revision Notes along with a PDF download link for the same. Students are advised to check these controlling Class 12 revision notes to understand the concepts present in the chapter in detail and build a strong hold on the preparation. These revision notes on Class 12 Controlling will also add to your knowledge and ensure that you end up answering each question in a perfect manner.
Revision Notes are one of the most important study resources used by teachers as well as students to teach and prepare for the examination. These short and handwritten notes have been prepared by the subject experts in accordance with the updated and revised CBSE Class 12 Business Studies syllabus for students of the current academic session 2023-2024. Also, find attached links to various other important study resources to perform well in the upcoming CBSE Class 12 Board Exam in 2024.
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CBSE Class 12 Business Studies MCQs
CBSE Class 12 Business Studies Mind Maps
NCERT Solutions for Class 12 Business Studies 2023-2024
Revision Notes for Class 12 Business Studies Chapter 8 Controlling
What do you mean by Controlling
Controlling means ensuring that activities in an organization are performed as per the plans. Controlling function of a manager is a pervasive function. It is a primary function of every manager. It also ensures that an organization’s resources are being used effectively and efficiently for the achievement of predetermined goals.
Importance of controlling
- Accomplishing organizational goals
- Judging the accuracy of standards
- Making efficient use of resources
- Improving employee motivation
- Ensuring order and discipline
- Facilitating coordination in action
Limitations of controlling
- Difficulty in setting quantitative standards
- Little control over external factors
- Resistance from employees
- Costly affair
Controlling Process
Step 1:
Setting Performance Standards– Standards are the criteria against which actual performance would be measured. Thus, standards serve as benchmarks towards which an organization strives to work.
Step 2:
Measurement of Actual Performance– There are several techniques for measurement of performance. These include personal observation, sample checking, performance reports, etc. As far as possible, performance should be measured in the same units in which standards are set as this would make their comparison easier.
Step 3:
Comparing Actual Performance with Standards– This step involves a comparison of actual performance with the standard. Such comparison will reveal the deviation between actual and desired results.
Step 4:
Analyzing Deviations– Deviations have to be analyzed to figure out whether they fall under the appropriate range or not. Critical Point Control and Manager by exception are the methods to be used in this case.
Step 5
Taking Corrective Action– The final step in the controlling process is taking corrective action. No corrective action is required when the deviations are within acceptable limits. However, when the deviations go beyond the acceptable range, especially in important areas, it demands immediate managerial attention so that deviations do not occur again and standards are accomplished.
What is Critical Point Control?
It is neither economical nor easy to keep a check on each and every activity in an organization. Control should, therefore, focus on key result areas (KRAs) that are critical to the success of an organization.
What is management by exception?
Management by exception, which is often referred to as control by exception, is an important principle of management control based on the belief that an attempt to control everything results in controlling nothing.
To download revision notes for Class 12 Chapter 8 Controlling, click on the link below
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