Definition
Controlling stands for planning, management and monitoring. It is an instrument responsible for the monitoring of the company’s operational performance process. Important information is compiled and analysed in the process. This information is particularly important for company management in order to make decisions. A distinction is made between two types: operational controlling and strategic controlling.
Operational controlling is responsible for the economic efficiency of a company and monitors its finances. Strategic controlling analyses the market so as to respond more quickly to supply and demand.