Big Wheel Bikes, Inc.
Kaily Bach was recently promoted to the managing director's position at Big Wheel Bikes, Inc. Kaily was told by her boss that she received the promotion because he believed she had the management skills necessary to help the company become more efficient and effective. During her first week, Kaily first compared the actual revenues and expenses of the company with desired results. She also met with employees to get their feedback and suggestions. Armed with this information, she formulated the future course of action for Big Wheel Bikes. One of her short-term goals is to provide the employees of Big Wheel Bikes with flexible working schedules. Another short-term goal is to create business lunches, in which groups of five employees meet over lunch to discuss organizational objectives. Kaily is confident she can lead the company into a prosperous future.
-Refer to Big Wheel Bikes, Inc. Kaily's formulation of a future course of action for Big Wheel Bikes is an example of the ____________management function.

Question

Quizplus · Accepted Answer

Kaily's formulation of a future course of action for Big Wheel Bikes is an example of the planning management function. Planning involves analyzing the current situation, setting goals and objectives, and selecting the best course of action to achieve those goals and objectives. Kaily has done all of these things by comparing the actual revenues and expenses of the company with desired results, meeting with employees to get their feedback and suggestions, and formulating short-term goals.