Planning is an empty exercise without controlling'. Explain the statement through an example.

Explanation

Relationship between Planning and controlling


Planning and controlling are inseparable twins of management.The relation between both the functions is explained as follows:
1.Nature and Concept:Planning is making standards for future and controlling means keeping a check that everything is in accordance with plan and taking corrective action after this.

2.Interdependent and interlinked:Controlling functions compares actual performance with predetermined standards which are prepared while planning and planning is dependent on controlling as plans are not made only on papers but these have to be followed.

3.Planning and controlling are both backward and forward looking because controlling provides base for planning and vice versa.

4.Planning is an intellectual process and controlling evaluate the desired cause of action.