1.

‘Planning and controlling are two sides of the same coin’ – Explain.

Answer»

Planning and controlling are two sides of the same coin:

  • Planning and controlling are two very important and interdependent functions of the management process. The success of planning depends on Controlling.
  • The function of controlling identifies deviations, takes necessary corrective action and hence keeps the business activities on the decided direction.
  • Looking from other perspective, the role of controlling comes only when something is planned. So, if there is no planning, there is no controlling.
  • Thus, planning and controlling are two sides of the same coin.


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