What activities are performed in strategy evaluation stage under-01122
This subjective question is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term Solved Past Paper No. 5.
Question 1: What activities are performed in strategy evaluation stage under controlling function of management?
Answer:
Controlling function of management includes all those activities undertaken to ensure that actual operations conform to planned operations. Controlling function of management is particularly important for effective strategy evaluation. Controlling function of management has the following activities in strategy evaluation.
- Establishing performance standards
- Measuring individual and organizational performance
- Taking corrective actions
- Comparing actual performance to planned performance standards
