Abstract
The aim of the paper is to define and compare definitions and objectives of the managerial control and controlling based on research of scientific and professional literature through the opinions of domestic and foreign authors. By studying several domestic and foreign sources, through analogy, analysis, synthesis and comparison, we were able to create an overview of the research areas and defined the basic areas of managerial function of control and controlling. Our finding is that managerial control and controlling is still an actual topic. It is the subject of research by many theorists who focus on defining of these terms. Control is often perceived only as a comparison of two states, ie as the difference between the plan and the reality, while controlling in addition to comparisons also understands controlling as the implementation of corrective actions, thus supporting planning and decision-making. In this paper we identify the opinions of various authors and emphasize the importance of these terms.
Highlights
The business environment in which companies compete for competitive advantage is constantly changing and evolving
The aim of our paper is to define and compare definitions and objectives of the managerial control and controlling based on the research of scientific literature through the opinions of domestic and foreign authors
All the necessary information on the issue we obtained from the study literature, where a substantial part of the resources were foreign authors
Summary
The business environment in which companies compete for competitive advantage is constantly changing and evolving. Once managers form plans and strategies, they must ensure that the plans are carried out. They must make sure that people are doing what needs to be done and are not doing inappropriate things. Controlling is the management function in which managers establish and communicate performance standards for people, processes, and devices [2]. Control is defined as any process that directs activities toward organizational goals. It is how effective managers make sure that activities are going as planned. The aim of our paper is to define and compare definitions and objectives of the managerial control and controlling based on the research of scientific literature through the opinions of domestic and foreign authors
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