Information about Control (management)
Control in one of the managerial functions like planning, organising, staffing and directing. It is an important function because it helps to check the errors and to take the corrective action so that deviation from standards are minimised and stated goals of the organisation are achieved in desired manner.
According to modern concepts, control is a foreseeing action whereas earlier concept of control was used only when errors were detected. Control in management means setting standards, measuring actual performance and taking corrective action. Thus, control comprises these three main activities.
According to EFL Breach,
According to Harold Koontz,
According to Stafford Beer,
From these definitions it can be stated that there is close link between planning and controlling. Planning is a process by which an organisation's objectives and the methods to achieve the objectives are established, and controlling is a process which measures and directs the actual performance against the planned objectives of the organisation. Thus, planning and control are often referred to as siamese twins of management.
According to modern concepts, control is a foreseeing action whereas earlier concept of control was used only when errors were detected. Control in management means setting standards, measuring actual performance and taking corrective action. Thus, control comprises these three main activities.
Definitions
According to Henry Fayol,Control of an undertaking consists of seeing that everything is being carried out in accordance with plan which has been adopted, the orders which have been given, and the principles which have been laid down. Its object is to point out mistakes in order that they may be rectified and prevented from recurring.
According to EFL Breach,
Control is checking current performance against pre-determined standards contained in the plans, with aview to ensure adequate progress and satisfactory performance.
According to Harold Koontz,
Controlling is the measurement and correction of performance in order to make sure that enterprise objectives and the plans devised to attain them are accomplished.
According to Stafford Beer,
Management is the profession of control.
From these definitions it can be stated that there is close link between planning and controlling. Planning is a process by which an organisation's objectives and the methods to achieve the objectives are established, and controlling is a process which measures and directs the actual performance against the planned objectives of the organisation. Thus, planning and control are often referred to as siamese twins of management.
Characteristics of Control
- Control is a continuous process
- Control is a management process
- Control is embedded in each level of organisational hierarchy
- Control is forward looking
See also
References
Henri Fayol (born 1841 in Istanbul; died 1925 in Paris) was a French management theorist.
Fayol was one of the most influential contributors to modern concepts of management, having proposed that there are five primary functions of management: (1) planning, (2)
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Fayol was one of the most influential contributors to modern concepts of management, having proposed that there are five primary functions of management: (1) planning, (2)
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Harold Koontz, was a consultant for US's largest business organizations. He authored the book Principles of Management which has sold around two million copies and has been translated into 15 languages. He died at the age of 75 on Feb 11 1984, after suffering from arthritis.
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Anthony Stafford Beer (September 25, 1926 - August 23, 2002) was a British theorist, consultant and professor at the Manchester Business School. He is best known for his work in the fields of operational research and management cybernetics.
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Conjoined twins
Classification & external resources
ICD-10 Q 89.4
ICD-9 759.4
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Classification & external resources
ICD-10 Q 89.4
ICD-9 759.4
"Siamese twins" redirects here. For other senses of that term, see Siamese twins (disambiguation).
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Management comprises directing and controlling a group of one or more people or entities for the purpose of coordinating and harmonizing that group towards accomplishing a goal.
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Control premium is an amount that a buyer is usually willing to pay over the current market price of a company. This premium is justified by the expected synergies, such as the expected increase in cash flow resulting from cost savings and revenue enhancements achievable in the
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mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly
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Business valuation is a process and a set of procedures used to determine the economic value of an owner’s interest in a business. Business valuation is often used to estimate the selling price of a business, resolve disputes related to estate and gift taxation, divorce
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Management comprises directing and controlling a group of one or more people or entities for the purpose of coordinating and harmonizing that group towards accomplishing a goal.
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The Viable Systems Model, or VSM is a model of the organisational structure of any viable or autonomous system. A viable system is any system organised in such a way as to meet the demands of surviving in the changing environment.
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