Sunday, July 4, 2010

Relationship Between Planning & Controlling:

Relationship Between Planning & Controlling:

Planning:                                                       
·         One of the basic Managerial Function which Involves Establishing the Objectives,

·         Planning  will also determine what kind of Control is to be implied ?

·         Any attempt to Control  without Plans is Meaningless,

·         Planning will tell where you want to go,

·         It begins with Objectives, defines Strategies, Policies, & Plan to Achieve them.

While,
Controlling:

·         One of the basic Managerial Function which Involves Executing & Monitoring,

·         Controlling can suggest any possible Change in Plan, if necessary,

·         Plan furnishes the Standard of Control,

·         Controlling will tell whether you are going, where you want to go,

·         Review Performance & Feedback to introduce ‘New Planning Cycle.’