hat managerial skills and actions are included in the planning process?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

What managerial skills and actions are included in the planning process?

Expert Solution
Step 1

Planning is determining earlier what to do and the way to do it. Before doing anything, a manager should have an opinion on how to approach a particular job. Planning is therefore strongly correlated with discovery and creativity. But managers must first set goals. Planning is an important step taken by managers at all levels. A choice has to be made because you have to choose between alternative modes of performance. Management's planning function is one of its most important functions. It's about setting company goals and managing resources to meet those goals.

Managerial skills are the knowledge and ability of managers to perform specific management activities or tasks. This knowledge and ability can be learned and put into practice. However, it can also be obtained by actually implementing the required activities and tasks. Therefore, any skill can be developed through learning and hands-on experience as a leader. A manager with good management skills is one of the pillars of an organization and has the ability to lead the company to success.

steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON