Asked by Viraj Mistry on May 02, 2024
Verified
Feedback provided by the control function allows managers to revise their plans.
Control Function
An essential management activity that involves measuring actual performance, comparing it against set standards, and taking corrective action to ensure goal achievement.
Feedback
Information or reactions about a process or activity that is used as a basis for improvement.
Revise Plans
The process of reviewing and updating strategic, operational, or project plans based on new information or changes in circumstances.
- Understand the significance and concept of control within an organization.
Verified Answer
Learning Objectives
- Understand the significance and concept of control within an organization.
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