Which management function involves assessing performance and making adjustments?

The management function that focuses on assessing performance and making adjustments is controlling. This function is essential in ensuring that the organization's activities are aligned with its goals and objectives. In the controlling phase, managers measure actual performance against established standards or benchmarks, analyze variances, and implement corrective actions if necessary. This ongoing process helps maintain efficiency and effectiveness within the organization.

Controlling encompasses several activities, such as setting performance standards, monitoring outcomes, and applying feedback to improve practices and processes. By continuously evaluating performance, managers can identify areas where adjustments are needed, ensuring that the organization stays on track to achieve its desired outcomes. The ability to adapt and respond to performance data is crucial for the long-term success of any organization.