Which management function monitors the performance of the firm and makes improvements when necessary?

Question

Quizplus · Accepted Answer

The controlling function is responsible for monitoring the performance of the firm to ensure that it is on track to achieve its goals. When deviations from the plan occur, the controlling function takes corrective action to make improvements and get back on course. Therefore, controlling is the best answer to this question. Planning involves setting goals and objectives, organizing involves arranging resources to achieve those goals, and leading involves guiding and motivating employees to work towards those goals. While important, these functions don't directly address the monitoring and improvement aspect of the question.

Which Management Function Monitors the Performance of the Firm and Makes