Final answer:
The management function that involves monitoring to ensure goals are met is known as controlling. It includes tracking progress and evaluating results against the set objectives, with corrective actions taken as needed.
Step-by-step explanation:
The management function which involves monitoring activities to ensure that targets are being met is called controlling. This crucial function involves consistently checking current performance against organizational standards, goals, and benchmarks.
In the workplace, managers often set clear expectations for employees. The staff is held accountable for their performance, and it's essential that they understand the consequences of not meeting the goals set forth by their managers.
Controlling includes tracking progress, evaluating results, and implementing changes to improve processes and outcomes. It's a way for managers to ensure that the company's strategic objectives are on course and that resources are being used effectively.
If there are discrepancies between the actual and desired performance, corrective action is initiated to get back on track. Therefore, understanding and being responsible for specific processes and outcomes is fundamental to this management function.