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Question : Case Study: XYZ Corporation

XYZ Corporation is a manufacturing company known for producing high-quality electronic devices. It is divided into three levels of management: top management, middle-level management, and lower-level management. The company's main objective is to expand its market reach and maintain a strong reputation for innovation and customer satisfaction.

Which management function involves setting performance standards and measuring actual performance against them?

Option 1: Planning
 

Option 2: Organizing
 

Option 3: Controlling

 

Option 4: Leading


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Controlling

 


Solution : The correct answer is (c) Controlling.

Controlling is a fundamental management function that ensures that the organization's activities are aligned with its goals and plans. It involves establishing performance standards, monitoring progress, comparing actual results with the standards, and taking corrective actions if necessary to ensure that the organization is moving in the desired direction.

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