Question

Brief Exercise 14-02

Listed below are the three functions of the management of an organization.
1. Planning 2. Directing 3. Controlling

Identify which of the following statements best describes each of the above functions.

(a)		ControllingDirectingPlanning requires management to look ahead and to establish objectives. A key objective of management is to add value to the business.
(b)		ControllingDirectingPlanning 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)		ControllingDirectingPlanning is the process of keeping the activities on track. Management determines whether goals are being met and what changes are necessary when there are deviations.

Answer 1

Planning requires management to look ahead and to establish objectives. A key objective of management is to add value to the business.

Directing 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.

Controlling is the process of keeping the activities on track. Management determines whether goals are being met and what changes are necessary when there are deviations