which management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed?
Which management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed?
Answer:
The management function that is primarily involved with monitoring performance, comparing it with goals, and taking corrective action as needed is known as “Controlling.” Controlling is a crucial function of management that ensures that actual performance meets the planned goals of the organization. It involves setting standards, measuring actual performance, comparing it to the set standards, identifying deviations, and taking corrective actions to align performance with objectives. This function helps in ensuring efficiency, effectiveness, and goal achievement within an organization.