Managerial control

It contains defination, Why is managerial control important ?, Steps in the managerial control process, Purpose of managerial control, Limitations of Managerial Control, Relationship between planning and controlling, Controlling process, Managerial Controlling for organizational performance, How to measure and evaluate employee performance data, Taking managerial action and conclusion.

1. Prestige Institute Of Management Gwalior Topic = Managerial Control Submitted to - Submitted By - Prof. Richa Banerjee Anshu Dubey (14) Nandini Bansal (34) Priyansh Shrivastava (43)

2. What is managerial control ? Managerial control is one of the primary functions of management and it involves setting performance standards, measuring performance and taking corrective actions.

3. Why is managerial control important ? As the final link in management functions : Planning Controls let managers know whether their goals and plans are on target and what future actions to take. Empowering employees Control systems provide managers with information and feedback on employee performance.

4. Protecting the workplace Control enhance physical security and help minimize workplace disruptions. Why is control important ? (cont’d)

5. Steps in the managerial control process

6. Purpose of managerial control Accomplishing organizational Goals. Judging accuracy of standard. Making efficient use of resources. Improving employee motivation. Ensuring order and discipline Facilitating coordination in action.

7. Limitations of Managerial Control 1) Difficulty in setting qualitative standards. 2) Little control over external factors. 3) Resistance from employees. 4) Costly affair.

8. Relationship between planning and controlling Planning and controlling are inseparable twins of management. Planning is clearly a prerequisite for controlling. It often said that planning is to looking ahead while control is to looking back.

9. Controlling process Setting performance standards. Measurement of actual performance. Comparison of actual performance with standards. Analyzing deviations. Taking corrective actions.

10. Managerial Controlling for organizational performance What is performance ? The end result of an activity. What is organizational performance ? The accumulated end results of all of the organization’s work process and activities. Designing activities, work process, and work activities . Coordinating team work of employees.

11. How to measure and evaluate employee performance data Graphic rating scales 360-degree feedback Self-evaluation Managements by objectives (MBO) checklists

12. Taking managerial action Clarify the exact problem Face their criticism Individualize every approach Set clear goals Reward improvement

13. CONCLUSION Managerial control is the process of making sure that all the activities will be implemented the way it was planned. It is the task of ensuring that the activities will provide desired results.