What is the process of monitoring activities, measuring results, and comparing them with goals known as?

The process of monitoring activities, measuring results, and comparing them with goals is known as controlling. This function of management is essential for ensuring that an organization stays on track to achieve its objectives. Controlling involves setting performance standards based on the organization's goals, assessing actual performance, and determining whether there are any significant deviations. If discrepancies are found, corrective actions can be taken to realign activities with set objectives.

The controlling process helps managers understand how well their strategies and plans are being implemented and allows for adjustments to be made in real-time. This ensures efficient operations and helps organizations respond to challenges effectively. By focusing on outcomes and making data-driven decisions, managers can enhance productivity and effectiveness within their teams and the overall organization.