Olivia's Meeting: The Importance of Controlling in Management

Olivia's Controlling Function in Management

Olivia has called a meeting with her employees to discuss the results of the firm's performance over the last five years. By reviewing the financial statements, she is aiming to compare the actual results with the goals that were set by the firm. This process is a crucial part of the controlling function in management.

The controlling function of management refers to the responsibility of managers to check the results of the company against the goals that have been set. This allows managers like Olivia to analyze the performance of the firm and take any necessary measures to ensure that the set goals can be achieved.