Question

A process where standards are set, actual performance is measured and corrective action is taken. Answer in a word / phrase / term.

Answer 1

Controlling is the process where standards are set, actual performance is measured and corrective action is taken.

It is a process of comparing the original performance of an individual with that of the set standards of an organization.

Controlling ensures that all the tasks and activities are performed as per the plans. However, if not, then taking corrective actions.