Explain — (i) Accomplishing organisational goals and (1) Judging accuracy of standards as importance of controlling function of 3 management.

Class 12th BUSINESS STUDIES, Question Paper 2023:Explain — (i) Accomplishing organisational goals and (1) Judging accuracy of standards as importance of controlling function of 3 management.

By
Komal Kohli
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Question :Explain — (i) Accomplishing organisational goals and (1) Judging
accuracy of standards as importance of controlling function of
3 management.

The correct answer is -(i) Accomplishing Organisational Goals: The controlling function of management helps in accomplishing the goals and objectives of an organization. It does so by comparing the actual performance with the set standards, identifying the deviations, and taking corrective actions to rectify them. By doing so, controlling ensures that the resources are being used effectively and efficiently towards achieving the goals of the organization. It helps in maintaining the focus and direction of the organization towards the desired outcomes.

(ii) Judging Accuracy of Standards: The controlling function of management involves setting performance standards for various activities of the organization. It is important to ensure that these standards are accurate and realistic. By judging the accuracy of the standards, controlling helps in identifying the gaps between the set standards and actual performance. It helps in determining whether the standards are too high or too low, and whether they need to be revised. This, in turn, ensures that the resources are being utilized in the most efficient manner and helps the organization achieve its goals in a more effective way. Therefore, judging the accuracy of standards is an important aspect of the controlling function of management.

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