Listed below are the three functions of the management of an organization.
Identify which of the following statements best describes each of the above functions.
(a)requires management to look ahead and to establish objectives. A key objective of management is to add value to the business.
(b)involves coordinating the diverse activities and human resources of a company to produce a smooth-running operation. This function relates to the implementation of planned objectives.
(c)is the process of keeping the activities on track. Management must determine whether goals are being met and what changes are necessary when there are deviations.