Explain the steps in the process of controlling.

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asked Feb 2, 2018 in Business Studies by Rohit Singh (61,782 points) 35 133 354
Explain the steps in the process of controlling.

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answered Feb 2, 2018 by sameer (82,980 points) 5 11 37
Steps in the process of controlling before taking corrective action are:
(i) Setting performance standards
(ii) Measuring actual performance and comparing with standards
(iii) Analysing deviations
• Critical Point Control
• Management by Exception
(iv) Taking corrective action

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