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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Manipulating
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Leading
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Planning
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Managing by objectives
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Controlling
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Detailed explanation-1: -Strategic Planning is a process where organizations define a bold vision and create a plan with objectives and goals to reach that future.
Detailed explanation-2: -Strategic planning is a process in which an organization’s leaders define their vision for the future and identify their organization’s goals and objectives. The process includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision.
Detailed explanation-3: -1 What is Planning Planning involves defining the organization’s goal, establishing strategies for achieving those goals, and developing plans to integrate and coordinate work activities. Planning is concerned with both ends(what) and means(how). When we use the term planning, we mean formal planning.
Detailed explanation-4: -Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Detailed explanation-5: -Management: A process designed to achieve an organizations objectives by using its resources effectively and efficiently in a changing environment. Effectively means having the intended result. Efficiently means accomplishing the objectives with a minimum of resources.