How does ‘controlling’ play as an important function in an organisation? Explain the strategies to be used by organisation to exercise control, with examples.
Controlling is an important function in an organization because it helps to ensure that the organization is achieving its goals and objectives effectively and efficiently. It involves measuring actual performance against planned performance, identifying any deviations or variances, and taking corrective actions to address them.
The strategies used by an organization to exercise control can vary depending on the nature of the organization, its goals and objectives, and the environment in which it operates. Some common strategies for exercising control include:
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