INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
planning
|
|
organizing
|
|
leading
|
|
controlling
|
Detailed explanation-1: -Organizing involves assigning authority and responsibility to various departments, allocating resources across the organization, and defining how the activities of groups and individuals will be coordinated.
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: -Organizing is the management function of arranging and structuring work to accomplish the goals of an organization. It involves creating departments, assigning tasks, delegating authority, and allocating resources to achieve desired results.
Detailed explanation-4: -Answer and Explanation: The answer is b. planning.