"Controlling should focus on Key Result Areas which are critical to the success of an organization" is suggested under which of the following concepts?

Option 1 -> Critical Point Control focuses on identifying and monitoring Key Result Areas (KRAs) that are most critical to organizational success, concentrating control efforts where they matter most. Option 2 -> Management by Exception emphasizes that managers should intervene only when there are significant deviations from planned standards, not focusing specifically on key result areas. Option 3 -> Self Control refers to individuals monitoring and regulating their own performance without external supervision, not about identifying critical organizational areas. Option 4 -> Control by Exception is similar to Management by Exception, dealing with deviations from norms rather than focusing on critical success areas. Hence, Option 1: Critical Point Control -> This concept specifically advocates focusing control mechanisms on Key Result Areas (KRAs) or strategic control points that are vital to organizational success, rather than attempting to control everything equally -> correct