GENERAL KNOWLEDGE

Detailed explanation-1: -It ensures that the plans are adopted, and work proceeds based on established principles and instructions issued. Controlling can be considered as an appraisal of the performance of the company against the adopted plans and procedures.

Detailed explanation-2: -Performance management is a corporate management tool that helps managers monitor and evaluate employees’ work. Performance management’s goal is to create an environment where people can perform to the best of their abilities and produce the highest-quality work most efficiently and effectively.

Detailed explanation-3: -Controlling is a primary goal-oriented function of management in an organization. It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action.

Detailed explanation-4: -The controlling function helps in measuring the progress towards the organizational goals & brings any deviations, & indicates corrective action. Thus, an overall sense, the controlling function helps and guides the organizational goals for achieving long-term goals in future.

Detailed explanation-5: -Controlling is the process of monitoring activities, measuring performance, comparing results to objectives, and making modifications and corrections when needed.