ENTREPRENEURSHIP

Detailed explanation-1: -Controlling is the process of monitoring activities, measuring performance, comparing results to objectives, and making modifications and corrections when needed.

Detailed explanation-2: -Planning is a process by which an organization ‘s objectives and the methods to achieve the objectives are established, and controlling is a process that measures and directs the actual performance against the planned goals of the organization.

Detailed explanation-3: -The business portfolio is the collection of businesses and products that make up the company. Analyzing the current business portfolio is the process by which management evaluates the products and businesses making up the company.

Detailed explanation-4: -The control process of management ensures that every activity of a business is furthering its goals. This process basically helps managers in evaluating their organization’s performance. By using it effectively, they can decide whether to change their plans or continue with them as they are.