Question

Evaluation and control are part of the business management process along with planning, organizing, and directing. Evaluation and control are often used to break down the control function into two separate components.

Discuss evaluation and control and its importance by explaining how it used in today's business world by using a Fortune 500 company as an example.

Ford Motor Company

Answer 1

EXPLANATION:

The two essential components of business operation are evaluation and power. The assessment includes reviewing the procedure to determine whether or not the desired result is achieved. And we take a few samples to determine and check them if they do not meet our goals. When you succeed, the procedure is measured and it's all right. When it is not met, then the procedure must be changed, to ensure the desired performance is reached.Control mechanism is the mechanism used to control some process parameters so that the process is controlled and these parameters help ensure that the process delivers the right products.

It contributes to making sure that the process is tested for its efficiency and that the process delivers the right product in compliance with the specified specifications. Therefore evaluation helps to ensure that the process and control plan are appropriate and helps in managing the process.

Assessment and control are commonly used in international businesses as these are the two major criteria which ensure that the processes at organizational level are the right process and are controlled when used. Many fortunes, 500 companies, such as Tata Motors, Ashok Leyland, Cummins, Mahindra and Mahindra etc., use this assessment and management feature to take advantage of these aspects and guarantee the certainty of their business processes.