GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning
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Leading
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Organising
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Controlling
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Detailed explanation-1: -Planning: is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Detailed explanation-2: -The first and the most important function of management is Planning. Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time. Various alternatives are formulated in order to achieve the goals.
Detailed explanation-3: -Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.
Detailed explanation-4: -Planning: functions are based on planning function. Manager has to determine in advance what it is to be done, when it is to be done, and how it is to be done.
Detailed explanation-5: -It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals. According to KOONTZ, “Planning is deciding in advance-what to do, when to do & how to do.