Controlling is a key management function that involves setting performance standards, measuring actual performance, comparing the two to analyze variances, and taking corrective action. Effective control relies on control techniques and information technology to measure performance and identify issues. Globalization introduces additional challenges for controlling as multinational companies must ensure consistency across regions with different laws, cultures, and business practices.
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Unit-III Controlling
1. PRINCIPLES OF MANAGEMENT
UNIT III
The System and Process of Controlling
Control Techniques and Information Technology
Global Controlling and Global Challenges
Direction Function
Significance