Planning And Controlling Flashcards, test questions and answers
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What is Planning And Controlling?
Planning and controlling are two essential elements of an organization’s management strategy. Planning is the process of determining what needs to be done and how it should be done. It involves setting objectives, identifying strategies to achieve those objectives, and allocating resources. On the other hand, controlling is the process of monitoring progress towards the achievement of organizational goals and taking corrective action when needed. Organizations use planning and controlling for a variety of reasons. First, planning helps organizations anticipate changes in their environment so that they can respond effectively to those changes. This allows them to remain competitive in their market by staying ahead of their competition. Second, planning provides direction by setting clear goals for employees so that everyone knows what needs to be accomplished. Third, it enables organizations to allocate resources efficiently because they are able to identify where resources should be allocated based on their objectives. Fourth, it ensures consistency throughout the organization because everyone knows what is expected from them and what they need to do in order to help achieve organizational goals. Finally, it provides feedback on performance so that decisions can be made about how best to improve performance in order for the organization as a whole to thrive and grow over time.Controlling is also important because it allows organizations not only measure progress towards goals but also take corrective action if needed course-corrections or improvements are necessary along the way in order for organizational growth or success can be achieved; without control there is no way of knowing if plans have been successful or which areas require improvement as well as no way taking actionable steps towards achieving these things either. Additionally, control helps ensure accountability throughout an organization since employees know that someone else may notice if something goes wrong or if progress isn’t being made quickly enough; this encourages them work harder (or smarter) in order stay on track with whatever tasks need completion. Finally, controlling ensures coordination between departments or teams within an organization since everyone must communicate often enough (and thoroughly enough) in order keep up with each other’s progress this prevents wasted time & effort due miscommunications/misunderstandings along way too. In conclusion, planning and controlling are two essential elements of any successful management strategy–planning provides direction while controlling monitors performance & makes sure everything stays on track. When used together properly they create synergy which leads boundless opportunities growth & development within any given business/organization.