Discuss the consequences of poor planning and poor controlling

Jun 28th, 2015
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Their factory is manned by 5000 operators, who are capable of producing 1.2 million shirts each year. They employ top senior merchandising team who has the capability of providing shirts based on special requirements. Their shirts are wrinkle free with Nano-Care protection, and can also be dyed as per client requests.

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ControllingControlling as a Management Function:Controlling is a systematic exercise which is called as a process of checking actual performance against the standards or plans with a view to ensure adequate progress and also recording such experience as is gained as a contribution to possible future needs.Controllingis one of the managerial functions likeplanning,organizing,staffinganddirecting. It is an important function because it helps to check the errors and to take the corrective action so that deviation from standards are minimized and stated goals of the organization are achieved in a desired manner.The Control process:1. Establishment of standards-Standards are the plans or the targets which have to be achieved in the course of business function. They can also be called as the criterions for judging the performance. Standards generally are classified into two-a. Measurable or tangible - Those standards which can be measured and expressed are called as measurable standards. They can be in form of cost, output, expenditure, time, profit, etc.b. Non-measurable or intangible- There are standards which cannot be measured monetarily. For example- performance of a manager, deviation of workers, their attitudes towards a concern. These are called as intangible standards.Controlling becomes easy through establishment of these standards because controlling is exercised on the basis of these standards.2. Measurement of performance-The second major step in

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