The process of checking ongoing performance against the annual plans and taking corrective action as required to ensure that the company achieves its sales and profit goals is known as:
A) strategic control.
B) operational gap analysis.
C) operating control.
D) strategic gap analysis.
E) operational "best fit" analysis.

Question

Quizplus · Accepted Answer

The process described in the question is known as operating control. This involves monitoring performance on an ongoing basis, comparing it to the company's annual plans, and taking corrective action as necessary to ensure the company achieves its goals. Strategic control, on the other hand, involves monitoring the external environment and making adjustments to the company's overall strategy as needed. Operational gap analysis, strategic gap analysis, and operational "best fit" analysis are not commonly used terms in this context.

The Process of Checking Ongoing Performance Against the Annual Plans