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One standard that corporations use to evaluate their performance against their competitors is the set of rankings developed by Fortune magazine. These include the Fortune 500, the 100 Best Companies t
One standard that corporations use to evaluate their performance against their competitors is the set of rankings developed by Fortune magazine. These include the Fortune 500, the 100 Best Companies to Work For, and other lists. The public also uses these rankings to decide to what companies they should give their business.
Respond to the following in a minimum of 400 words:
- -Is it a good idea for people to use these rankings to decide which companies they should give their business to?
- -Is there an intrinsic value in these rankings, or are they subjective?-
- -Should a business set a specific ranking on a list like this as a standard to be met?
Support your assertions.
Then, answer the following questions:
What are the four steps in the control process? Why is control such an important managerial function?
