Control Function of Management
Interactive Video
•
Business
•
University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The video tutorial explains the controlling function of management, which involves influencing organizational activities to meet goals and objectives by adhering to standards. It outlines the steps in the controlling process, including establishing performance standards, using various indicators, and comparing results against objectives. The tutorial also discusses the importance of a continuous feedback loop for process improvement and highlights popular approaches like the balanced scorecard and management by objectives.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
How can managers take corrective action after identifying deviations from established standards?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What are some popular approaches to the controlling function of management?
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