Explain why the four steps involved in the controlling function are important.

Readings
To successfully complete this week’s assignments, read the following chapters in The Five Functions of Effective Management:

Chapter 7: The Controlling Function
Chapter 8: The Five Management Functions as a Coordinated System

Discussions
To participate in the following discussions, go to this week’s Discussion link in the left navigation.

Discussion #1 Steps of Control – (150 words or more)

Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples. Respond substantively to two other learners.

Discussion #2 – Changes in Management – (150 words or more)

Of the five management functions, which do you expect will experience the most dramatic changes in the next decade? Defend your answer. Which will have the least amount of change? Explain your answer. Respond substantively to two other learners.

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