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Answer» Planning and controlling are two sides of the same coin: - Planning and controlling are two very important and interdependent functions of the management process. The success of planning depends on Controlling.
- The function of controlling identifies deviations, takes necessary corrective action and hence keeps the business activities on the decided direction.
- Looking from other perspective, the role of controlling comes only when something is planned. So, if there is no planning, there is no controlling.
- Thus, planning and controlling are two sides of the same coin.
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