The controlling function in management finds out how far actual performance deviates from established standards. This involves measuring actual results, comparing them against predetermined standards, identifying any deviations, and then taking corrective actions if necessary to ensure organizational goals are met. The process typically includes these steps:
- Setting performance standards.
- Measuring actual performance.
- Comparing actual performance with the standards to find deviations.
- Analyzing the causes of deviations.
- Taking corrective action when deviations exceed acceptable limits.
Thus, the controlling function specifically identifies how far actual performance deviates from the standards set by the organization
