Two coworkers at Nortel came up with an idea for renting software over the Internet. Nortel's top management liked the idea and set up a special division called Channelware devoted to taking the idea and making a new product. The establishment of a new company and assigning the employees in the division the task of making the idea a reality requires which management function?

Question

Quizplus · Accepted Answer

The establishment of a new company and the creation of a special division require the management functions of organizing and planning. Organizing involves creating a structure and allocating resources to achieve a company's goals, which is necessary for the creation of the new division. Planning involves setting goals, developing strategies, and creating plans of action, which is essential for taking the new idea and turning it into a tangible product.

Two Coworkers at Nortel Came Up with an Idea for Renting