Purchase Solution

Four steps of Controlling Function in Strategic Management

Not what you're looking for?

Ask Custom Question

Identify the four basic steps comprise the controlling function of management which I have done. The four basic steps: (1) establishing performance standards, (2) measuring individual and organizational performance, (3) comparing actual performance to planned performance standards and (4) taking corrective actions. I require assistance in with why is an understanding of the four steps important in strategic management. Would you be able to provide me with some examples to better help my understanding?

Purchase this Solution

Solution Summary

This solution identifies the four steps that comprise the controlling function of management and why they are important in strategic management. It includes examples and APA formatted reference.

Solution Preview

Strategic management involves analyzing, making decisions, and taking actions to maximize performance of an organization. The four steps you have outlined are important to management so that they know what they want, how to measure what they want, they review what they did compared to what they wanted to do, and they change actions to be better aligned with desired objectives. An example in your personal life would be the difference of getting into your ...

Solution provided by:
Education
  • BA, University of Southern California
  • MSS, United States Sports Academy
  • Ed.D, Boise State University
Recent Feedback
  • "Thk u"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
Purchase this Solution


Free BrainMass Quizzes
Lean your Process

This quiz will help you understand the basic concepts of Lean.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.