Question

A management function which compares organizational and individual performance with predetermined standards or expected results?

Answer 1

The Expected result of a Management function is Evaluating (Controlling).

   What do managers evaluate in the controlling function?

• The concept of management involves controlling and guiding personnel and resources within the organization.
• It includes planning, making decisions, motivating, leading, and carrying out different functions to achieve goals and objectives efficiently and effectively.
• The functions of management are interconnected, and differentiation between them is highly subjective. Therefore, they are non-linear.
• The control function assesses whether goals were achieved and is often used to evaluate the performance of employees, departments, and the organization as a whole.
• The measurement of performance can be done in several ways, depending on the performance standards, including financial statements, sales reports, production results, customer satisfaction, and formal performance appraisals.
• Managers at all levels engage in the managerial function of controlling to some degree.
• Controlling involves ensuring that performance does not deviate from standards.
• Controlling consists of three steps, which include (1) establishing performance standards, (2) comparing actual performance against standards, and (3) taking corrective action when necessary.
• Performance standards are often stated in monetary terms such as revenue, costs, or profits but may also be stated in other terms, such as units produced, number of defective products, or levels of quality or customer service.

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