Controlling

• Process of ascertaining whether organizational objectives have been achieved

  Controlling
• Expressed in quantity or monetary terms

  Sales targets
• Expressed in quantity or quality

  Production targets
• Expressed in terms of rate of absences

  Worker attendance
• Expressed in the number of accidents for given periods

  Safety record
• Expressed in quantity or monetary terms for given periods

  Supplies used
• When management anticipates problems and prevents their occurrence

  Feedforward control
• When operations are already ongoing

  Concurrent control
• When information is gathered about a completed activity

  Feedback control
• It refers to a more elaborate approach used in controlling activities

  Financial ratio analysis