Question 1

‘Planning is looking ahead and controlling is looking back.’ Comment.

Answer

Planning involves setting objectives and deciding the future course of action to achieve them. Thus, it is regarded as forward looking. Controlling involves a post-mortem of the past activities of an enterprise and finding out deviations from the targeted standard. Thus, it is regarded as a backward looking function.

Both the statements are partially true because planning is guided by past experiences. And the process of control necessarily involves analysing deviations and taking corrective action, which aims to improve future performance and achievement of predetermined goals.

Popular Questions of Class 12 Business Studies

Recently Viewed Questions of Class 12 Business Studies

Write a Comment: