ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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new small business
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partnership
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large corporation
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multinational company
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Detailed explanation-1: -The five key functions of managing are strategic planning, organizing resources, staffing, directing activities and controlling the company’s success.
Detailed explanation-2: -The CEO is responsible for making major corporate decisions, managing overall operations, and setting the company’s strategic direction. They are accountable to the board of directors or stakeholders of the company and are often the public face of the organization.
Detailed explanation-3: -Managers are responsible for the processes of getting activities completed efficiently with and through other people and setting and achieving the firm’s goals through the execution of four basic management functions: planning, organizing, leading, and controlling.