What does the controlling function of management involve?

The controlling function of management is primarily concerned with monitoring performance and taking corrective actions when necessary. This function ensures that the organization is on track to meet its goals and objectives by comparing actual performance against planned performance. If discrepancies are found, corrective actions can be implemented to address any issues. This might include altering processes, adjusting resources, or modifying objectives to ensure alignment with the overall strategy of the organization.

By focusing on performance measurement and evaluation, the controlling function helps to maintain organizational efficiency and effectiveness, providing feedback that informs future planning and decision-making processes. This aspect of management is crucial for sustaining operational success and achieving long-term goals, as it allows managers to respond proactively to challenges and leverage opportunities as they arise.