Final answer:
Jerome's role in managing the allocation and use of resources at Brickyard Tools is described as the controlling function of management, where performance is monitored and corrective actions are taken to align with organizational goals.
Step-by-step explanation:
Jerome's managerial responsibility at Brickyard Tools, involving the evaluation and corrective action on the use of human, financial, and material resources, falls under the management function known as controlling. Controlling is a vital aspect of managerial roles, encompassing activities such as monitoring performance, comparing it against predetermined goals, and taking corrective measures when necessary.
In his role, Jerome is accountable for overseeing the efficient and effective utilization of resources within the organization. This includes evaluating how human capital, financial investments, and material resources are being deployed towards achieving the company's objectives. Controlling ensures that organizational activities align with the established plans and goals. It serves as a feedback mechanism, allowing managers to assess whether the actual performance matches the desired outcomes.
When discrepancies or deviations are identified through the controlling function, managers like Jerome are empowered to take corrective actions. This might involve revising strategies, adjusting resource allocations, or implementing changes to operational processes. By promptly addressing variations between actual and planned outcomes, controlling helps in maintaining organizational effectiveness and contributes to the achievement of long-term objectives.
In essence, Jerome's role in controlling is instrumental in fostering accountability, optimizing resource utilization, and ensuring that Brickyard Tools operates in a manner consistent with its strategic plans. The controlling function is integral to the overall management process, providing a mechanism for continuous improvement and adaptation to changing circumstances within the organization.