Management Theory and Practices Essay Example | Topics and Well Written Essays - 1750 words

Management Theory and Practices - Essay ExampleIts object is to point erupt weaknesses and errors in order to rectify them and prevent recurrence. The main focus of the dictatorial function is to make sure that eitherthing is deprivation according to plan and whatever is not going according to plan is fixed up as shortly as possible. Modern day function of controlling has become very advanced the managers argon required to have the skill of foreseeing the events which are going to embrace place on the other hand the function of controlling was only brought into effect after the problems were detected before the introduction of the modern functions of controlling. When a bus adopts the method of controlling, he/she should make sure that it is d genius on a regular basis because controlling is a continuous process and should be carried out on a regular basis in any organization. Another important feature of controlling is that it is closely interrelated to Planning, under the pr ocess of planning, the goals are set for an organization and the function of controlling makes sure that those set goals are achieved in this way these two functions are interrelated.Reliance indigo Dhirubhai Ambani Group is one of the most popular and successful play along in India. The company is extremely well controlled and not only is it well controlled but also the company exceeds the expectations of the shareholders every year. This goes to show that the company follows the principles of management very carefully be it planning, controlling or for that matter staffing. The Reliance group was earlier headed by the Late Dhirubhai Ambani, set out of Mukesh and Anil Ambani and the company has been split into two now, both the brothers came to an unanimous decision to split the company into two. The company which is being talked about here is headed by Anil Ambani, the company is into more than one sector and every sector is very well controlled by Anil Ambani the Managing dire ctor of Reliance Anil Dhirubhai Ambani Group. The company is into Capital, communication, frolic and power. Anil Ambani is one of the richest people in the world and this is all because of his management skills. He has put efforts in making sure that the principles of management are stuck to by his company. The company is very strong financially the company recently reported a quarterly profit US$ 14.2 and this speaks volumes about the controlling process going on in the company. It can be made out how good or bad the controlling process is by the annual results of a company and in this case it is very certain that Reliance Anil Dhirubhai Ambani Group is very well controlled. Reliance Natural Resources Ltd (RNRL), part of the Anil Dhirubhai Ambani Group, has posted a net profit of $17.14 million (Rs.686 million) during 2007-08 as compared to $7.21 million the previous fiscal. (Reliance Comm, 2 October 2008). It is very clear from the stats that the company is very well managed and the controlling process specially is very well taken care of.A Company which is Average is following the Function of ControllingIndia Infoline is another Indian company which is good and in the context of controlling it can be said that it is an average company. The India Infoline group, comprising the holding company, India Infoline Limited and its wholly-owned subsidiaries, straddle the entire financial services space with offerings ranging from Equity research,