What skill is essential for monitoring and evaluating organizational objectives?

The essential skill for monitoring and evaluating organizational objectives is controlling. Controlling involves the processes and activities that ensure organizational goals are being met. It includes setting performance standards, measuring actual performance, and taking corrective actions when necessary to align outputs with objectives. This skill allows managers to track progress, assess efficiency, and adjust strategies as needed to achieve desired outcomes.

While management competency and planning are important in their own right, they focus on different aspects of organizational performance. Management competency refers to the overall ability of management to lead and make informed decisions, which encompasses many skills but does not specifically target monitoring and evaluation. Planning involves establishing objectives and determining a course of action for achieving them, but it does not provide the ongoing assessment that controlling does.

Accounting, although valuable for financial oversight, primarily deals with financial data and reporting rather than the broader evaluation of organizational objectives. In summary, controlling is the key skill that directly relates to the continuous process of monitoring and evaluating to ensure that organizational objectives are successfully achieved.