BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organizing
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Reflecting
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Controlling
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Planning
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Detailed explanation-1: -The planning function includes this vision and goal-setting along with the work of creating a plan to reach those goals. They identify business challenges, work on future-facing initiatives (such as growth plans, company goals, and business forecasting) and make decisions that move the business toward goals.
Detailed explanation-2: -Leading. Whether it’s a daily task or an overall goal, a manager needs to lead the team. Leadership is one of the most important functions for a manager as it encourages members to perform their best.
Detailed explanation-3: -Controlling consists of three steps, which include (1) establishing performance standards, (2) comparing actual performance against standards, and (3) taking corrective action when necessary.
Detailed explanation-4: -Answer and Explanation: The answer is b. planning.