BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which management function involves setting goals and objectives and creating specific plans for completing them?
A
Planning
B
Organizing
C
Controlling
D
Leading
Explanation: 

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: -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-3: -Planning. One main role of a manager is creating a plan to meet company goals and objectives. This involves allocating employee resources and delegating responsibilities, as well as setting realistic timelines and standards for completion.

Detailed explanation-4: -Controlling. It implies measurement of accomplishment against the standards and correction of deviation if any to ensure achievement of organizational goals.

Detailed explanation-5: -It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals.

There is 1 question to complete.