Which of the following is NOT a core function of management?a)Planning...
Core Functions of Management
Management involves several functions that are essential for the efficient operation of an organization. These functions are interrelated and complement each other to achieve the common goal of the organization. The four core functions of management are:
1. Planning: Planning involves setting goals and objectives, developing a strategy, and determining the resources required to achieve them. It is the process of deciding in advance what to do, how to do it, when to do it, and who will do it.
2. Organizing: Organizing involves arranging resources such as people, materials, and equipment to achieve the goals and objectives set in the planning stage. It is the process of establishing a formal structure of authority and responsibility, and allocating resources to achieve specific goals.
3. Controlling: Controlling involves monitoring the performance of the organization to ensure that it is on track to achieving its goals and objectives. It is the process of setting standards, measuring actual performance, comparing it with the standard, and taking corrective action if necessary.
4. Motivating: Motivating involves creating a work environment that encourages employees to perform at their best. It is the process of inspiring, encouraging, and supporting employees to achieve their goals and objectives.
Answer Explanation
The correct answer is option 'C' - Motivating. Although motivation is an essential part of management, it is not considered a core function of management. Motivating is often seen as a means to achieve the other three core functions of management. For example, motivating employees can help achieve the goals set in the planning stage, improve the organization's performance, and create a positive work environment. However, motivating employees is not a standalone function of management.
Which of the following is NOT a core function of management?a)Planning...
The core functions of management generally include planning, organizing, leading, and controlling. Planning involves setting goals and determining the best way to achieve them. Organizing involves arranging resources and tasks to meet those goals. Leading involves directing and influencing people to work towards the goals, and controlling involves monitoring progress and making adjustments as needed. While motivating is important in management, it is typically considered a part of the leading function rather than a separate core function.
To make sure you are not studying endlessly, EduRev has designed CA CPT study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA CPT.