In: Economics
How are planning and control linked? Is the control function linked to the organizing and leading functions of management? Explain. How can we apply these things now and in the future?
Question 1st Part.
Planning and controlling are two separate functions of management, yet they are closely related. The scope of activities if both are overlapping with each other. Without the basis of planning, controlling activities becomes baseless and without controlling, planning becomes a meaningless exercise. In the absence of control, no purpose can be served by. Therefore, planning and controlling reinforce each other. According to Billy Goetz, " Relationship between the two can be summarized in the following points.
Planning proceeds controlling and controlling succeed in planning. Planning and controlling are inseparable functions of management. Activities are put on rails by planning and they are kept at the right place through controlling. Planning and controlling are integral parts of an organization as both are important for the smooth running of an enterprise. Planning and controlling reinforce each other. Each drives the other function of management. In the present dynamic environment which affects the organization, the strong relationship between the two is very critical and important. In the present day environment, it is quite likely that planning fails due to some unforeseen events. There controlling comes to the rescue. Once controlling is done effectively, it gives us the stimulus to make better plans. Therefore, planning and controlling are in separate functions of a business enterprise.
Question 2nd Part.
Control is the management function that involves monitoring activities to ensure that they’re being accomplished as planned and correcting any significant deviations. The value of the control function can be seen in the specific areas; planning, empowering employees and protecting the workplace. As the final step in the management process, controlling provides the critical link back to planning. If managers didn’t control, they’d have no way of knowing whether their goals and plans were being achieved and what future actions to take.
Understanding Yourself... How good am I at disciplining others? (1.) 1-3 (2.) 3 (3.) 1 (4.) 3 (5.) 2 (6.) 1-3 (7.) 1-3 (8.) 3-1 Total= 19 some deficiencies.
Question 3rd Part.
The function is about understanding the short- and long-term objectives the organization wants to achieve. You need to consider not just these different elements, but also be able to make predictions about the future conditions for achieving these. Perhaps you have noticed changes in customer behavior due to the downturn in the economy. When you are planning, you need to take into account these little nuances. Once you are aware of the organizational objective, the resources available, and the future outlook to achieving the objectives, you need to identify the specific processes and detailed goals that are required to achieve the bigger goal. You might want to create a marketing campaign to increase sales, which requires the team to conduct market research and to come up with ideas. The more detailed objectives and processes you can set, the better the plan is. Controlling’s most important function is the risk-reduction ability. Since you are essentially monitoring the performance of the team and comparing it against the objectives you’ve set, you can react to problems more easily. Instead of realizing at the end of the month that you’ve missed your sales target by a huge margin, you can keep on eye on the situation during the process.