Identify the function of management. Quoting the lines from the above para, explain…

CBSE Business Studies class 12 question and answer | Identify the function of management. Quoting the lines from the above para, explain the steps of the process of the function of management discussed.

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Identify the function of management. Quoting the lines from the above para, explain the steps of the process of the function of management discussed.

Ans.

Steps of the planning process outlined in the paragraph:

  1. Establishing objectives or goals.

  2. Gathering relevant information and data.

  3. Formulating strategies to achieve objectives.

  4. Developing action plans, allocating resources, and setting timelines.

  5. Communicating plans to the team, ensuring alignment and commitment.