Question
Which of the following function of management refers to
defining goals for company's future direction and determining on the missions and resources to achieve those targets? Refer to the following information to answer the next 4 questions Management has been described as a social process involving responsibility for economical and effective planning and regulation of operation of an enterprise in the fulfillment of given purposes. It is a dynamic process consisting of various elements and activities. These activities are different from operative functions like marketing, finance, purchase etc. Rather these activities are common to each and every manger irrespective of his level or status. Different experts have classified functions of management. According to George & Jerry, “There are four fundamental functions of management i.e. planning, organizing, actuating and controlling”. According to Henry Fayol, “To manage is to forecast and plan, to organize, to command, & to control”. Whereas Luther Gullick has given a keyword ’POSDCORB’ where P stands for Planning, O for Organizing, S for Staffing, D for Directing, Co for Co-ordination, R for reporting & B for Budgeting. But the most widely accepted are functions of management given by KOONTZ and O’DONNEL i.e. Planning, Organizing, Staffing, Directing and Controlling. Source: www.managementstudyguide.comSolution
Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when, how and who is going to perform a specific job. Planning is a detailed programme regarding future courses of action. Planning is deciding in advance what to do, how to do and who is to do it. Planning bridges the gap between where we are to, where we want to go. It makes possible things to occur which would not otherwise occur
Statements:
A few Red is Green.
60% Black is Green.
Only Green is Pink.
Conclusion:
I. No Pink is Black.
II. Some Black is Red.
Two statements are given followed by three conclusions numbered I, II, and III assuming the statements to be true, even if they seem to be at variance...
In the question below three statements are given fol lowed by three conclusions I and I I. You have to take the given statements to be true even if the...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to b...
Statement:
Only a few scale are erasers.
No eraser is a pen.
Only colours are pens.
...Statements:
Only a few Haridwar is Dehradun.
No Dehradun is Nainital.
Only a few Nainital is Mumbai.
All Mumbai is Jaipur....
- Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance wi...
Statements:
Only a few Careers are Visions.
Some Visions are not Missions.
Some Missions are not Ambitions.
Only a few Ambit...
In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
Statements:
All summers are winters.
Only a few summers are spring.
Some springs are autumn.
No autumn is season.
...
