“Prakash limited” is a company manufacturing electrical goods Smt. Ruby is its managing director. By virtue of her wise directions, the company has achieved great heights. A management institute one day invited her for a lecture. There she got an opportunity to dialogue with the students of management studies. She narrated to them the story of her success. She told them two main things, First: the employee should know that their work is being evaluated and progress report prepared. Second, optimum use of physical resources should be made possible.

Identify the above-said function of the management.

On the basis of the aforesaid paragraph write two points regarding the importance of
the function of management as identified in point (1) above.

Solution

Controlling.
Two importance of controlling are as under:
1. Controlling helps in achieving goals: Controlling helps to achieve the goals of the organization by actual work performance with the standards.
2. Controlling increases efficiency: Controlling increases efficiency through optimum utilization of all the resources, such as Man, Machine, Material and Money.

Some More Questions From Controlling Chapter

For Daily Free Study Material Join wiredfaculty