It markets its mobile phones domestically as well as internationally. 2021 Zigya Technology Labs Pvt. Sheelu Singh. Even if you wish to have an overview of a chapter, quick revision notes are here to do if for you. It includes all the topics given in NCERT class 12 Business Studies text book. Taking Corrective Action: The final step in the controlling process is taking corrective action. CBSE Revision notes for Class 12 Business Studies PDF, CBSE Revision notes Class 12 Business Studies – CBSE, CBSE Revisions notes and Key Points Class 12 Business Studies, Summary of the NCERT books all chapters in Business Studies class 12, Short notes for CBSE class 12th Business Studies, Key notes and chapter summary of Business Studies class 12, Quick revision notes for CBSE board exams. e.g areas like human behaviour, employee morale, job satisfaction cannot be measured quantitatively. These notes will certainly save your time during stressful exam days. (ii)Measurement of actual performance In this step, the actual performance of activities is measured. Or Explain the process of controlling. Process of Controlling. Standards indicate the criteria of performance. Analysing deviations. CBSE, NCERT, JEE Main, NEET-UG, NDA, Exam Papers, Question Bank, NCERT Solutions, Exemplars, Revision Notes, Free Videos, MCQ Tests & more. The controlling process is simply a set of steps a manager uses to determine whether organizational goals have been met. Establishing standards and methods for measuring performance. Primary Function of Management* – controlling is performed at all levels and in all types of organizations. 3. State the steps in the process of controlling. The final step in the process is to proofread the paper you have created. But where significant deviations occur corrective action is taken. Question 2. Action oriented*: Control has no meaning if no corrective action is taken; So timely action should be taken to prevent deviations. Analysing Deviations: The deviations from the standards are assessed and analysed to identify the causes of deviations. Steps Involved in Planning Process – According to Koontz and O’Donnell Continue on app. Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 8 Controlling with Answers Pdf free download. The company trained its engineers from Japan. Analysing Deviations: Some deviations are possible in all the activities. Class 12 Business Studies Planning – Get here the Notes for Class 12 Business Studies Planning. There are several techniques for measurement of performance. Candidates who are ambitious to qualify the Class 12 with good score can check this article for Notes. Overview (in Hindi) 1:23 mins. A textile company is diversifying and starting a steel manufacturing plant. 5. (ii) State the steps of the revamped controlling process to be followed by the company to solve this problem. CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. … Get an answer for 'Describe the four steps in the control process.' Management by exception is the technique used. Control provides unity of direction. Revision notes in exam days is one of the best tips recommended by teachers during exam days. (iv) Improving employee motivation: A good control system ensures that employees know well in advance what they are expected to do and what are the standards of performance on the basis of which they will be appraised. Relationship between Planning and Controlling, Planning and controlling are interrelated and in fact reinforce each other in the sense that-. It helps to minimise dishonest behaviour on the part of the employees by keeping a close check on their activities. myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT solutions, NCERT Exemplar solutions, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. With the help of any four points, explain the crucial role of ‘organising’ function in an enterprise. State with reason the effect of diversification on the fixed capital requirements of the company. What should be done while 'taking corrective action' in the process of controlling when especially in the important areas deviations go beyond the acceptable range? Planning makes controlling effective whereas controlling improves future planning. Making efficient use of resources: By the process of control, a manager seeks to reduce wastage of resources. It discovers deviations and initiates corrective measures. The basic control process includes the following steps: Setting performance standards: Managers must translate plans into performance standards. Planning is looking ahead and controlling is looking back: Planning is a future oriented function as it involves looking in advance and making policies for the maximum utilization of resources in future that is why it is considered as forward looking function. Thus, without planning, controlling is blind. Thus controlling not only completes one cycle of management process and also helps to improve planning in the next cycle. Watch Live classes Get Subscription. The process of photosynthesis involves the absorption of CO 2 by plants to produce carbohydrates. Explain the various steps in the process of controlling. Students can solve NCERT Class 12 Business Studies Controlling MCQs Pdf with Answers to know their preparation level. Depends on planning: It pre supposes existence of planning because without planning no control is possible. The majority of the carbon exists in the body in the form of carbon dioxide through respiration. Therefore, controlling is also a forward looking function. registers, quantum, priority, etc. Measurement of Actual Performance: Performance should be measured in an objective and reliable manner which includes personal observation, sample checking. Critical point control and management by exception should be used by a manager in this regard.Step 5: Taking Corrective Action: The final step in the controlling process is taking corrective action. 4. Controlling is forward looking: It is related to future because it seeks to improve future results on the basis of experience gained in the past. Controlling is an important function of management. Question 7. Control is resisted by the employees as they feel that their freedom is restricted. Continuous: It is not an activity to be pursued in the end only; it has to be done on a continous basis. If the performance matches the standards it may be assumed that everything is under control. Goal oriented: Controlling is directed towards accomplishment of organizational goals in the best possible manner. The … 1. Thus, planning & controlling cannot be separated. This step involves thorough analysis of deviations to find out the reason behind the deviation. To download Controlling class 12 Notes Business Studies, sample paper for class 12 Physics, Chemistry, Biology, History, Political Science, Economics, Geography, Computer Science, Home Science, Accountancy, Business Studies and Home Science; do check myCBSEguide app or website. Standards are the benchmark against which actual performance would be measured. Control involves a lot of expenditure, time and effort. In controlling we look back to the performance which is already achieved by the employees and compare it with plans. A good control system helps an organisation in the following ways:(i) Accomplishing organisational goals: A good controlling system helps to measure the on-going performance and find out deviations if any at the earliest. Control standards are categorized as quantitative and qualitative standards. Additional research tips: Critical point control is the technique used. A small enterprise cannot afford to install an expensive control system. Meaning & Definition: Controlling involves comparison of actual performance with the planned performance. 1. NCERT Solutions for Class 12 Commerce Economics Chapter 2 Unit I Indian Economy 1950 1990 are provided here with simple step-by-step explanations. 1. 4. 2. https://kullabs.com/classes/subjects/units/lessons/notes/note-detail/4397 2. 1. The best app for CBSE students now provides Controlling class 12 Notes Business Studies latest chapter wise notes for quick preparation of CBSE board exams and school based annual examinations. Thus, standards serve as benchmarks towards which an organization strives to work. (ii) Judging accuracy of standards: A good control system enables management to verify whether the standards set are accurate and objective. 1. Controlling Important Questions for CBSE Class 12 Business Studies Steps in the Process of Controlling. Controlling class 12 Notes Business Studies. Probably the most difficult of all the steps to face, Step 5 is also the one that provides the … Facilitating Coordination in action: In controlling each department and employee is governed by predetermined standards which are well coordinated with one another. 5. Read through the text and check for any errors in spelling, grammar, and punctuation. 5. Improves employees motivation: A good control system ensures that employees know well in advance what they are expected to do & also the standard of performance. The standards can be set both in qualitative and quantitative terms. Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Comparing Actual Performance with Standard: This step involves comparison of actual performance with the standard. Download revision notes for Controlling class 12 Notes and score high in exams. Controlling is a systematic process which involves the following steps.Step 1: Setting Performance Standards: The first step in the controlling process is setting up of performance standards. The company is planning to revamp its controlling system. However, the deviation in the … Sequence the stepsâ Once the steps have been documented, the developer typically moves the steps into their proper location in the process flowchart and includes arrows or lines to show the relationship and sequence between steps in the process. 1. (iii) Also, state any one value which the company wants to communicate to the society. This can only be done after the literature has been reviewed. If the firm choose to diversify from a textile company to a steel manufacturing plant, its fixed capital requirement increase because the investment in fixed capital of a steel manufacturing company is higher than that of a textile company. Such comparison will reveal the deviation between actual and desired performance. 3. Ltd. Download books and chapters from book store. Answer. (v) Ensuring order and discipline: Controlling creates an atmosphere of order and discipline in the organisation. Make sure the message that you want to get across to the reader has been thoroughly stated. However, when the deviations go beyond the acceptable range, in the important areas, it demands immediate managerial attention so that deviations do not occur again and standards are accomplished. ii. Also, deviations in key areas of business need to be attended more urgently as compared to deviations in certain insignificant areas. Pervasive: Controlling is an essential function of every manager and exercised at all levels of management. Measurement of actual performance. In fact it links back to planning. Plans provide the standard for controlling. Or “Comparing the actual performance with laid standard, finding out deviations and taking corrective action is an important process of a function of management”. An efficient control system monitors changes taking place in the organisation and in the environment and helps to review and revise the standards according to the need. Performance should be measured in an objective and reliable manner. 6 lessons • 50m. Sample Paper all are made available through the best app for CBSE students and myCBSEguide website. It is the process of checking and verification. Controlling helps in achieving organizational goals: The controlling function measures progress towards the organizational goals and brings to light/indicates corrective action. Performance should be measured in same terms in which standards have been established, this will facilitate comparison. 4. Control Process: Steps for Controlling Function of Management (i) Identify the concepts of management involved in the above para. 9. The planning process comprises- Analysis of the environment, Setting the objectives, Develop premises, Determine and evaluate alternatives, Selection of the Best alternative, Formulation of the derivative plan, Budget formulation, Implementation of the plan and Follow up action. Filtration: Partially clarified water is then passed through sand gravity filter which removes 98-99% … (i) The concepts involved here are staffing and controlling. Steps in the Process of Controlling. We have provided Controlling Class 12 Business Studies MCQs Questions with Answers to help students understand the concept very well. Setting Performance Standards: Standards are the criteria against which actual performance would be measured. (i)Setting performance standards Controlling starts with setting standards, against which actual results are to be evaluated. (Hindi) Class 12 Business Studies - Controlling. Save my name, email, and website in this browser for the next time I comment. Delhi - 110058. It, thus, motivates them and helps them to give better performance. Difficulty in setting quantitative standards: Control system loses its effectiveness when standards of performance cannot be defined in quantitative terms. Download CBSE class 12th revision notes for chapter 8 Controlling in PDF format for free. Some deviation in performance can be expected in all activities. 8. 7. CBSE quick revision note for class-12 Business Studies, Chemistry, Math’s, Biology and other subject are very helpful to revise the whole syllabus during exam days. This is possible only when you have the best CBSE Class 12 Business Studies study material and a smart preparation plan. Standards are the criteria against which actual performance would be measured. Management includes various steps such as planning, organising, staffing, directing and controlling. Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 8 Controlling. and find homework help for other Business questions at eNotes The revision notes help you revise the whole chapter 5 in minutes. Explain the various steps involved in the process of control. Managers must ensure that the cost of installing and operating a control system should not exceed the benefits derived from it. © Draw appropriate symbolsâ Each different type of step … No corrective action is required when the deviations are within acceptable limits. This ensures that resources are used in the most effective and efficient manner.
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