ENTREPRENEURSHIP

ENTREPRENEURIAL OPPORTUNITIES

IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Identify the managerial function of an entrepreneur in which actual performance is compared with standard performance
A
Leadership
B
Directing
C
Supervision
D
Controlling
Explanation: 

Detailed explanation-1: -Controlling. Control is a fundamental managerial function. Managerial control regulates the organizational activities. It compares the actual performance and expected organizational standards and goals.

Detailed explanation-2: -Controlling is the management function of establishing performance standards, measuring actual performance activities to see if the standards have been met, and taking corrective action.

Detailed explanation-3: -ADVERTISEMENTS: In the opinion of George Terry (1953), “management is a distinct process consisting of planning, organizing, actuating, and controlling performance to determine and accomplish the objectives by the use of people and resources.”

Detailed explanation-4: -Ans. Controlling can be defined as that function of management which helps to seek planned results from the subordinates, managers and at all levels of an organization. The controlling function helps in measuring the progress towards the organizational goals & brings any deviations, & indicates corrective action.

There is 1 question to complete.