Course Content
OVERVIEW OF MANAGEMENT
Definition and importance of management Functions of management Managerial roles Evolution of management thought Types of management environment
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PLANNING FUNCTION
Meaning and importance of planning Principles of planning Purpose of planning Types of plans Planning tools Process of planning Planning challenges Making plans effective Management by objectives
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ORGANIZING FUNCTION
Meaning and Importance of Organizing Structure and Designs of Organizations Principles of Organizing Process of Organizing Delegation Coordination Centralization and Decentralization Informal Organizations
0/9
STAFFING FUNCTION
Meaning and Importance of Staffing Human Resource Planning Recruitment and Selection Training and Development Performance Management Reward Management Separation
0/8
DIRECTING FUNCTION
Meaning and Importance of Directing Leadership Motivation Communication Group Dynamics Conflict Management
0/7
CONTROLLING FUNCTION
Meaning and Importance of Controlling Elements of Control Characteristics of Effective Controls Control Process Role of Control in an Organization Tools of Controlling
0/7
STRATEGIC MANAGEMENT
Overview of Strategic Management SWOT Analysis Strategy Formulation Strategy Implementation Strategy Evaluation
0/6
EMERGING ISSUES AND TRENDS
Organization Culture Ethics and Social Responsibility Managing Innovation and Change Diversity and Inclusion Corporate Governance Globalization
0/7
Principles and Practices of Management
About Lesson

A sound control system benefits the organization in several ways, as detailed below.

  • The control system is used by management to track progress toward the organization’s goals and objectives. Control identifies any deviations and the corrective steps that need to be implemented. Control thus directs and maintains the organization’s direction, ensuring that the organization’s goals and objectives are met.
  • A sound control system in the company allows management to ensure that the standards are correct and serve the intended purpose. It keeps a close eye on changes in the organization and the environment and assists in examining and revising standards in light of these changes.
  • The organizational management aims to decrease resource wastage by exercising control. To guarantee that resources are used most effectively and efficiently, each activity must be carried out by set standards and norms.
  • An effective control system ensures that employees know what they are expected to do and the performance standards on which they will be evaluated well in advance. As a result, it stimulates them and assists them in delivering superior results.
  • Control in the workplace promotes an environment of order and discipline. It aids in the reduction of abnormal employee behavior by keeping a careful eye on their actions.
  • Control gives direction to all of the organization’s actions and streamlines the efforts that must be made to attain the organization’s goals and objectives. Each department and staff is held to a set of predetermined criteria that are well-coordinated. This guarantees that the business stays on track to meet its performance targets.
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