Planning and Controlling

Planning and Controlling


Solution: 


Points

Planning

Controlling

1. Meaning

Planning is deciding in advance what to do how to do it, when to do it and who is to do it.

Controlling is the process of taking steps to bring actual results and desired results closer together.

2. Objective

To set goals and choosing the means to achieve these goals.

To ensure that the objectives are achieved according to the plan.

3. Area of function

It includes setting objectives by identifying the ways of attaining the goal and selecting the best plan.

It includes setting up of standards, measurement, and comparison with actual performance and taking corrective steps whenever necessary.

4. Factors

Internal and External factors are considered in the planning process.

Internal and external factors are taken into account for taking corrective action.

5. Order

It is the basic first function of the management process.

It is an end function of the management process.

6. Resources

Planning is done as per the requirement and availability of resources.

It is related to all organizational resources which help to achieve goal of organization.

7. Nature

It is continuous in nature. It exists in the whole life of organization.

It is the process that starts once the actual plan is executed.

8. level of Management

Top management is concerned with planning the activities.

Top and middle-level management are responsible for controlling the activities.


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