The controlling function of management is synonymous to strategy formulation.

Question

Quizplus · Accepted Answer

The controlling function of management involves monitoring and comparing actual performance with planned performance and taking corrective action if necessary. Strategy formulation, on the other hand, involves the process of developing and implementing a plan or course of action to achieve specific goals or objectives. While controlling is an important aspect of managing, it is not synonymous with strategy formulation.

The Controlling Function of Management Is Synonymous to Strategy Formulation