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Question : 4
Total: 18
One of the functions of management completes one cycle of management process and improves planning in the next cycle in the light of the problems that are identified in the existing plans. Identify and state the function of management discussed above.
Solution:
Controlling is the management function discussed in the statement. It is not the last function but a continuous process that determines possible deviations or efficiencies/ inefficiencies by company, the actual results with the pre-determined/established standards. Correspondingly, it can enable formulation and implementation of more plans in the future thus improving the next cycle of the management process.
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