The Management Function That Requires Managers To Look Ahead And Establish Objectives Is:
The correct option of this multiple choice question (mcq) is (b) as this is
the Planning function of management which is made before the implementation of
strategies. Firstly, strategies are developed, objectives and goals are set in
order to get the desired results (organization objectives and goals) in future
efficiently and effectively. The managers need to make proper planning to achieve
targets, goals and objectives of the organization. The manager oversees the
future of the organization at present and set goals and objectives for the
future and make a decision to follow the steps to achieve those common goals and
objectives so that in future the organization will be in the position as planned.
Alternative course of actions is also decided in case of failure of plan A.
Plan B should be implemented if plan A failed. For example, if Plan A is to
increase sales upto 70% for the next 5 years but on 3rd year, the
management decides it is not achievable, so the Plan B is implemented i.e.,
increase sales upto 50% for the next 5 years. So, a manager must try to achieve
organization goals and objectives by creating alternative plans and in case of
failure of one of the plans, alternative plan should be applied in order to
achieve desired results.
In the planning process, the managers make vision and mission to achieve ultimate
goals of the organization. They form the basis of planning on which the
strategies are taken to accomplish the desired outcome. For example, if the
management decide to make the organization a market leader, then the proper
strategies are developed such as quality experts are hired to improve the
quality service of the organization differentiating with top competitors in the
market, improving quality standards, etc., to achieve this common objective and
goal for the next 10 years.
The options a, c and d are incorrect choices for this mcq.
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