The importance of control in managerial work

Cambalikova, Andrea and Misun, Juraj (2017): The importance of control in managerial work. Published in: International Conference Socio-Economic Perspectives In The Age Of XXI Century Globalization (2017): pp. 218-229.

Abstract

Control represents a process through which managers ensure that resources are procured and used efficiently and effectively to meet the goals of the organization. It is a dynamic function interrelated with the other management functions, and it plays a role of critical determinant in achieving organizational success. The individual management functions provide a useful framework for organizing managerial knowledge. Control involves tracking, measuring, and correcting activities to ensure a compliance of actual development with the planned one. Effective controlling requires the existence of plans, since planning provides the necessary performance standards or objectives. Controlling also requires a clear understanding of where responsibility for deviations from standards lies. The paper contains the results of questionnaire survey realized in 331 companies aimed to determine the importance of control process in carrying out daily managerial tasks in different types of organizations active in various sectors. We analyze the attitudes of managers when they are controlling and when they are being controlled with emphasis on main reasons. The paper confirms the importance of control in management work, while one of the most obvious benefits of controlling function is that it provides the accurate information which is wanted for effective decision making process as well as maintaining effective functioning state of a business.

• Item Type: MPRA Paper
• Language: English
• Keywords: management function, importance of control, managerial work
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M10 - General; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M19 - Other

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