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"There is close and reciprocal relationship between planning and controlling". Explain the statement through an example.

Answer» The relationship between planning and control can be divided into the following two parts:
1. Interdependence between Planning and Controlling.
2. Difference between Planning and Controlling.
`*`Interdependence:One of the famous management experts had said that, “Planning is meaningless without controlling andcontrolling is blind without planning.”
Planning provides the base for controlling. It means that planning sets the objectives, decide the futurecourse of action for the firm. It provides the basic framework for all other activities of management includingcontrolling. In the same way, controlling process cannot be performed, until and unless we have plannedsomething in advance. If the standards are not determined, there is no justification left for controlling.
`*`Difference:Planning and Controlling both are opposite looking functions because plans are always made for future,whereas controlling is a backward-looking function in which at the completion of process, manager tries tofind whether it has been done according to plan or not.
Planning is the first function of management. All theother function follows it, whereas controlling is the last function, which follows all the other functions ofmanagement


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