Features of Controlling
The main features of controlling are:
1. Based on Planning:
Control is checking performance according to the standards set in the function of Planning.
2. Continuous process:
It is an ongoing, dynamic function that involves a continuous review of performance and not a one-time exercise.
3. Control is all pervasive:
Control is exercised at all levels of management and is done in every functional area and at each unit or department.
4. Action is the essence of control:
The very purpose of control is defeated if corrective action is not taken for improvement of performance or the revision of plans.
5. Control is forward looking:
Control measures current performance and helps in guiding for the corrective action which further helps in future performance as per plans making it forward looking.
Additionally, some more features of Controlling can be considered:
Feedback Mechanism:
Control provides feedback to the management, helping them understand where deviations occur. This feedback loop is essential for continuous improvement.
Standards of Performance:
Effective control requires clear and measurable standards. These could be financial targets, productivity benchmarks, or quality specifications.
Timeliness:
Control measures should be timely. Quick detection and correction of deviations ensure that they don't escalate into bigger issues.
Flexibility:
Control systems should be flexible enough to adapt to changes in the environment or organizational goals. Rigid control mechanisms can hinder an organization’s ability to respond to new challenges.
Cost-Benefit Analysis:
Implementing control mechanisms involves cost. Therefore, it’s crucial to ensure that the benefits derived from control are greater than the costs involved.