ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning
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Organizing
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Leading
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Controlling
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Detailed explanation-1: -Planning. Planning means defining performance goals for the organization and determining what actions and resources are needed to achieve the goals.
Detailed explanation-2: -Organizing is defined as the process of determining the tasks to be done, who will do them, and how those tasks will be managed and coordinated. The purpose of organizing is to structure/arrange the relationship between people, the work to be done, and the facilities so that goals are achieved.
Detailed explanation-3: -Organizing essentially consists of establishing a division of labor. The managers divide the work among individuals and group of individuals. And then they coordinate the activities of such individuals and groups to extract the best outcome.
Detailed explanation-4: -The correct answer is Organizing. Determining how tasks are to be grouped is part of Organizing function.