Examlex
-What are the arrows pointing to in the accompanying figure?
Controlling
In management, this refers to the process of monitoring, assessing, and making necessary adjustments to the plans to ensure that organizational goals are achieved.
Allocating Resources
The process of distributing available resources, such as capital, tools, and personnel, to various projects or units within an organization.
Setting Directions
The process of establishing clear goals, visions, or strategies for an individual, team, or organization to follow in order to achieve desired outcomes.
Concurrent Controls
Management techniques used to monitor processes and activities as they occur, allowing adjustments to be made in real time to ensure that objectives are met.
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