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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Which management function involves analyzing information, setting goals, and making decisions about what needs to be done?
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controlling
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organizing
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planning
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implementing
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Explanation:
Detailed explanation-1: -Planning involves analyzing information, setting goals, and making decisions about what needs to be done.
Detailed explanation-2: -Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling.
Detailed explanation-3: -The management process is a system that combines all of an organization’s activities to achieve its goals. It involves planning, organizing, leading and controlling. The term ‘management’ refers to managing an organization through its functions and activities using certain principles and methods.
There is 1 question to complete.