INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The four functions of management are planning, organizing, leading and controlling. In order to be a successful manager, you must do all four while managing your work and team. These are the foundations of any professional managerial position.
Detailed explanation-2: -Organizational management involves creating a plan, monitoring its progress and making changes based on results and feedback so the company can improve its performance. Methods company leaders use to execute organizational management effectively might include employee training, promotions and meetings.
Detailed explanation-3: -Management can be defined as the process of planning, organizing, leading, and controlling the organization’s resources to achieve stated organizational goals as productively as possible.
Detailed explanation-4: -Management is a process to emphasize that all managers, irrespective of their aptitude or skill, engage in some inter-related functions to achieve their desired goals. 4 Functions of management are planning, organizing, leading, and controlling that managers perform to accomplish business goals efficiently.