INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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leadership
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management
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entrepreneurship
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franchising
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Detailed explanation-1: -Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Since organizations can be viewed as system, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system.
Detailed explanation-2: -Planning. Planning means defining performance goals for the organization and determining what actions and resources are needed to achieve the goals. Through planning, management defines what the future of the organization should be and how to get there.
Detailed explanation-3: -Strategic management is the management of an organization’s resources to achieve its goals and objectives.
Detailed explanation-4: -Management is the process of using organizational resources to achieve organizational goals effectively and efficiently through planning, organizing, leading, and controlling. An efficient organization makes the most productive use of its resources.
Detailed explanation-5: -Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.