Relationship b planning and controlling

Relationship between planning and controlling

relationship b planning and controlling

Planning and Controlling: Relationship | Management. Article shared by: There is a very close link between planning and controlling. This is shown in Fig. Planning and Controlling. Internal institutional analysis examples include: Assessment of the relationship of enrollment and. Though distinct in meaning, planning and organizing are two concepts that it is important to understand the relationship between planning and organizing.

Relationship between Planning and Controlling - Business Studies - Mathur Sir Classes

There are many relationships between decision-making and planning. Definition of Planning Planning managerial functions where managers are required to establish goals and state the ways and means by which these goals are to be attained. Therefore planning is taken as the foundation for future activities.

Relationship between Planning and Controlling (With Diagram)

Or in simple terms; planning is deciding in advance what is to be done. Planning is the thinking of doing. Plans have two basic components: Goals represent an end state the targets and results that managers hope to achieve. Action statements represent the means by which an organization goes ahead to attain its goals. Planning is a deliberate and conscious work by means of which managers determine a future course of action for attaining a specific goal.

relationship b planning and controlling

To a manager means planning is thinking about what is to be done, who is going to do it, and how and when he will do it. Planning also required thinking about past events and about future opportunities and impending threats. Planning process finds the organizational strengths and weaknesses.

  • The Relationship Between Planning & Organizing
  • Relation between Planning and Decision-Making
  • Notes on Relationship between Planning and Control

Decision-making is a part of planning. Decision-making is an intermediate-sized set of activities which begins with an identifying problem and ends with choice making or decision giving.

relationship b planning and controlling

The relation between both the functions is explained below: Planning is the basic function of every enterprise as in planning we decide what is to be done, how it is to be done, when it is to be done and by whom it must be done. Planning bridges the gap between where we are standing today and where we want to reach.

relationship b planning and controlling

Controlling means keeping a check that everything is in accordance with plan and if there is any deviation, taking preventive measures to stop that deviation.

The meaning of controlling makes it clear that controlling function is undertaken for right and timely implementation of plans. Planning and controlling are interdependent and interlinked: Planning and controlling functions always co-exist or have to exist together as one function depends on the other.

Relationship between Planning and Controlling (With Diagram)

The controlling function compares actual performance with the planned performance and if there is no planned performance then controlling manager will not be able to know whether the actual performance is O. The base for comparison or the yardstick to check is given by planning to controlling function. On the other hand, the planning function is also dependent on controlling function as plans are not made only on papers but these have to be followed and implemented in the organisation.

The controlling function makes sure that everyone follows the plan strictly.