XYZ Ltd is a manufacturer of wall clocks and the company is opting a good control system in order to achieve the targets on time. In context of this, give some of the advantages of controlling.
A good control system enables a manager to verify whether standards set are accurate or not.
Following are the advantages of controlling:
(i) A good control system helps in improving the quality of the product which in result, increases the goodwill of the company.
(ii) It helps in minimizing the wastage of resources.
(iii) It facilitates the fixation of responsibility and one knows upto what level he/she has to perform.
(iv) It also facilitates the coordination and thus, work flows smoothly in the organisation and finishes in time.