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.’