BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Leading
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Planning
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Organizing
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Controlling
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Detailed explanation-1: -Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Detailed explanation-2: -Planning In the planning stage, managers establish organizational goals and create a course of action to achieve them. During the planning phase, management makes strategic decisions to set a direction for the organization.
Detailed explanation-3: -Leading: This function involves articulating a vision, energizing employees, inspiring and motivating people using vision, influence, persuasion, and effective communication skills.
Detailed explanation-4: -Directing sets in motion the action of people because planning, organizing, and staffing are the mere preparations for doing the work.
Detailed explanation-5: -Directors set the plan; the Leader implements the plan. Directors have governance responsibilities; the Leader has leadership and management responsibilities. Directors work ON the business; the Leader works IN the business. Directors mitigate risks and set policy; the Leader implements the policy.