Answer :

● Planning and controlling are two separate, yet closely related functions of the management.


● Without planning, controlling is baseless. Without controlling, planning is baseless.


● Planning precedes controlling and controlling succeed planning.


● Controlling requires a set of predetermined standards which is provided by planning.


● Once a plan becomes operational controlling is important to monitor its progress, analyze the actual performance, compare it with the standard performance and correct the deviations using corrective measures.


● Both planning and controlling a required for the smooth functioning of the organisation.


● They drive each other in the organisation.


● The business environment is dynamic in nature which for the enhances the relationship between the two.


● A plan may fail at any point in time. Controlling is used in such situations to overcome the loss incurred.


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