Which process involves comparing planned performance against actual performance to ensure objectives are met?

Prepare for the HSC Business Studies Exam with flashcards and multiple choice questions, each with hints and explanations. Get exam ready!

The process that involves comparing planned performance against actual performance to ensure objectives are met is known as controlling. This stage is crucial in the management process as it focuses on monitoring and evaluating performance to determine if organizational goals and objectives are being achieved. By comparing the actual outcomes with the planned benchmarks, management can identify variances and take corrective actions if necessary. This makes controlling a vital aspect of effective performance management and ensures that the organization stays on track towards its strategic objectives.

In different management functions, while planning involves setting objectives and outlining steps to achieve them, directing is about guiding and motivating employees to reach those objectives. Evaluating is a component of controlling but does not encompass the entire process. Controlling integrates evaluation with the essential step of making adjustments based on those evaluations, ensuring continuous improvement and adherence to goals.

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