BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning
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Organizing
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Controlling
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Leading
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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: -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.