Controlling

Definition

In the context of business management, controlling is the process of monitoring performance against objectives and making adjustments as needed. It ensures that organizational activities are aligned with the plans established to achieve strategic, tactical, and operational goals.

Related terms

Performance Measurement: The process of evaluating how effectively an organization or individual achieves their objectives.

Strategic Planning:

A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Feedback Mechanism: A system or process that uses information about the output of an action or behavior to influence future outputs, essential for adjusting strategies in controlling