1. Management and the Control Process
... is acceptable managers must establish a range of variation which is the acceptable parameters of the variance between actual performance and the standard. In this step managers are mainly concerned with the size and the direction of the variation. One should know that variation can be positive in effect. The last step in the control process is the step of taking managerial action. In this step managers choose ... between three possible courses of action: they can do nothing (in which the manager does nothing), they can correct the actual performance, or they ... can create a new standar...
- Word Count: 428
- Approx Pages: 2
- Grade Level: Undergraduate