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www.gyaniversity.com162Managerial Processes-II7. Cost-Effectiveness: An efficient control system should not become a heavy economic burden on the organization. The process of monitoring, data collection, and analysis should deliver a good return on investment by not being overly expensive to set up or operate. A cost-effective system ensures that while performance is thoroughly monitored, the expenditureon controlactivities doesnot outweigh the benefits gained from improved productivity and corrective actions.8. Simplicity and Objectivity: A simple control system is one that is easy to understand and implement. This simplicity ensures that everyone involvedwhether at the managerial level or among the operational staff, can quickly grasp how the system functions. Objectivity is equally important because a control system should be seen as fair and impartial. When it is both simple and objective, it fosters acceptance among employees, who are more likely to support and cooperate with the implementation of control measures.What is controlling as a function? What are the features of control?Exam Prediction: 55%Source: Dec 2023 and IGNOU TextbookControlling is one of the key functions of management that ensures organizational goals and objectives are met effectively and efficiently. It involves measuring performance, comparing it with pre-established standards, and taking corrective actions to address any deviations. The controlling function follows the planning, organizing, and leading functions. While planning sets the direction, organizing arranges resources, and leading motivates and guides employees, controlling ensures that everything goes according to plan.Controlling is an ongoing process that involves the following steps:Setting Performance Standards: Clear, measurable, and achievable standards are established based on goals.Measuring Actual Performance: This step involves collecting data on actual performance in relation to the set standards.Comparing Performance with Standards: The actual performance is compared with the set standards to identify any discrepancies.Taking Corrective Actions: If there is a deviation from the standards, corrective actions are taken to bring performance back on track.Features of ControlThe features of control in management can be summarized as follows: