Business

Taking Corrective Action: Corrective action is a process of communicating with the employee to improve attendance, unacceptable behavior or performance. No corrective action is required…

Analyzing Deviations: Some deviation in performance can be expected in all activities. It is, therefore, important to determine the acceptable range of deviations. Also, deviations…

Setting Performance Standards Managers must translate plans into performance standards. These performance standards can be in the form of goals, such as revenue from sales…

Measurement of Actual Performance Once performance standards are set, the next step is the measurement of actual performance. Performance should be measured in an objective…

The comparing step determines the degree of variation between actual performance and standard. If the first two phases have been done well, the third phase…

Planning and controlling are inseparable twins of management. Planning and controlling functions always co-exist or have to exist together as one function depends on the…

Limitations of Controlling The control system loses its efficiency when a standard of performance cannot be defined in quantitative terms and it is very hard…

Importance of Controlling Control is an indispensable function of management. Without control the best of plans can go awry. Controlling is the last function of…

Personal barriers: The personal factors of both sender and receiver may exert influence on effective communication. These factors include life experiences, emotions, attitudes, behavior that…

Controlling is one of the important functions of a manager. In order to seek planned results from the subordinates, a manager needs to exercise effective…