INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
marketing
|
|
operations
|
|
management
|
|
human resources
|
Detailed explanation-1: -There are four generally accepted functions of management: planning, organizing, leading and controlling. These functions work together in the creation, execution and realization of organizational goals.
Detailed explanation-2: -Leading is the management function of motivating employees and coordinating their activities to achieve organizational goals. It involves guiding, directing, and inspiring employees to work together to reach a common goal.
Detailed explanation-3: -Answer and Explanation: The management process function that is used for monitoring and ensuring the organization is meeting its goals is controlling.
Detailed explanation-4: -Control is installing processes to guide the team towards goals and monitoring performance towards goals (Batemen & Snell, 2013). The purpose of the control function is to ensure that the organization makes progress towards the established goals.