With increasing competition in the restaurant business, Sal, owner of Mom's Pizza, is dealing with growing uncertainty. He is meeting with his managers to develop a future course of action to meet company goals. This process is known as
A. planning.
B. leading.
C. controlling.
D. defining.
E. diversifying.
A. planning.
Planning is coping with uncertainty by formulating future courses of action to achieve specified results. When you make a plan, you make a blueprint for action that describes what you need to do to realize your goals.
You might also like to view...
Explain the characteristics of management fraud
A "donee" beneficiary is a type of an "incidental" beneficiary.
Answer the following statement true (T) or false (F)
Describe the two methods used to determine the amount of life insurance needed
What will be an ideal response?
When structured decisions are not complex, an appropriate technique for analyzing the decision process is the use of ________
A) CASE tools B) structured English C) decision trees D) decision diagrams