Controlling Class 12 Notes CBSE Business Studies Chapter 8 PDFs Download

In this section, you would briefly introduce the topic of controlling in Class 12 B.St (Business Studies) and explain that the blog is a guide specifically tailored for 10-year-olds. You can mention that controlling is an important aspect of managing businesses and organizations.

This section aims to provide a simple definition of controlling suitable for a young audience. You can explain that controlling involves monitoring and regulating activities to ensure they align with desired outcomes. Examples can be given to help illustrate the concept, such as how controlling helps achieve goals like completing homework or organizing a school event.

This section focuses on the key elements involved in the process of controlling.

Here, you would explain the concept of standards, which are predetermined criteria or expectations for performance. You can give examples of different types of standards, such as financial targets, performance benchmarks, or quality requirements. Examples from everyday life, such as trying to achieve specific grades in school subjects or setting personal fitness goals, can be used to illustrate the importance of standards.

This part discusses the process of measuring performance against the established standards. You can explain that performance is evaluated through various methods like observation, tests, or feedback. The idea is to emphasize the importance of accurate and reliable measurements for effective control.

In this section, you would explain that actual performance is compared to the previously set standards. Deviations from the standards are identified, and their implications are discussed. Simple examples like comparing completed homework with assignment instructions or evaluating sports performance against specific rules can help clarify the concept.

Here, the focus is on taking necessary actions when deviations from standards are identified. You can explain that corrective actions involve making changes or adjustments to bring performance back on track. Examples could include seeking additional help or guidance when struggling with a subject, revising study strategies, or making changes to a project plan based on feedback.

This section introduces some common tools and techniques used in controlling.

You would explain the concept of budgeting, which involves planning and allocating financial resources. Emphasize how budgeting helps control expenses and ensure resources are used wisely. Simple examples, like managing pocket money or planning for a school event within a limited budget, can be used to illustrate the importance of budgeting.

Here, you would define MIS as systems that provide real-time data and information for decision-making and control purposes. Explain how MIS helps managers stay informed about various aspects of business operations. You can use examples like tracking attendance or inventory management to illustrate the role of MIS.

This part emphasizes the importance of feedback in controlling. Explain that feedback is information received from different sources, such as surveys, reviews, or evaluations. Discuss how feedback helps in making informed decisions and improving performance. Examples can include receiving feedback on a school project or using customer reviews to improve a product.

In the conclusion, you would recap the key points discussed in the blog, emphasizing the importance of controlling in managing organizations effectively. Encourage 10-year-olds to develop their understanding of controlling and its application in various aspects of life, such as schoolwork, personal goals, or group activities.