GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Evaluate the quality of various processes
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Use a systematic approach to establish objectives
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Either A or B
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None of the above
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Detailed explanation-1: -The first and perhaps most important step of the planning process is understanding that there’s a need for a plan. In terms of management, this means that you need to be aware of the industry environment in which the business operates so that you can identify opportunities for development.
Detailed explanation-2: -The first course of action is to define your organizational objectives. As a project manager, your job may be to co-create company objectives or translate company objectives to your team in an understandable way. You can use a business goals template to structure your specific goals in this stage.
Detailed explanation-3: -Planning requires a systematic approach. Planning starts with the setting of goals and objectives to be achieved. Objectives provide a rationale for undertaking various activities as well as indicate direction of efforts.
Detailed explanation-4: -2.1 1] Recognizing Need for Action. 2.2 2] Setting Objectives. 2.3 3] Developing Premises. 2.4 4] Identifying Alternatives. 2.5 5] Examining Alternate Course of Action. 2.6 6] Selecting the Alternative. 2.7 7] Formulating Supporting Plan. 2.8 8] Implementation of the Plan.