The management function of anticipating the future determining the best course action to achieve company objective is?

Assessment: WAEC SSCE - Commerce - 1989 (Objective) Subject: Commerce

Question 1 Report

The management function of anticipating the future determining the best course action to achieve company objective is?
Answer Details
The correct answer is "planning". Planning is the management function of setting goals, developing strategies, and outlining tasks and schedules to achieve those goals. It involves anticipating the future and identifying the best course of action to achieve the company's objectives. In the planning process, managers assess the internal and external environments, identify opportunities and threats, and determine the strengths and weaknesses of the organization. Based on this analysis, they develop plans for achieving the company's objectives, allocate resources, and establish timelines for implementation. Effective planning is critical to the success of an organization, as it ensures that the company is moving in the right direction and making progress toward its goals.

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