BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -5. Controlling: The process of controlling is the final function carried out in terms of planning. This function is performed to evaluate the performance of employees and deciding increments and promotion decisions.

Detailed explanation-2: -Performance management is a corporate management tool that helps managers monitor and evaluate employees’ work. Performance management’s goal is to create an environment where people can perform to the best of their abilities and produce the highest-quality work most efficiently and effectively.

Detailed explanation-3: -The basic control process, wherever it is found and whatever it is found and whatever it controls, involves three steps: (1) establishing standards. (2) measuring performance against these standards. and (3) correcting deviations from standards and plans.

Detailed explanation-4: -Controlling is the process of monitoring activities, measuring performance, comparing results to objectives, and making modifications and corrections when needed.

Detailed explanation-5: -Over the years, Fayol’s functions were combined and reduced to the following four main functions of management: planning, organizing, leading, and controlling.