Which management function involves monitoring progress and correcting problems?

The management function that involves monitoring progress and correcting problems is controlling. This function encompasses the processes through which managers assess whether organizational goals are being met and determine whether any adjustments are necessary to stay on track. Controlling is essential for ensuring that the organization's resources are being used effectively and efficiently.

For example, a manager may establish performance standards, measure actual performance against those standards, and then take corrective action if the performance falls short. This could involve analyzing data, identifying deviations from the desired performance, and implementing necessary changes to address those issues. In contrast, planning focuses on setting objectives and determining the course of action to achieve them, leading involves motivating and guiding team members toward those objectives, and organizing deals with arranging resources and tasks to facilitate achieving goals. Each of these functions plays a critical role in management, but it is the controlling function that specifically emphasizes monitoring and problem-solving.