What is the process of achieving an organization's goals through planning, organizing, staffing, directing, and controlling called?

Study Engineering Economics and Management Test. Utilize flashcards and multiple choice questions with explanations to master the exam subjects. Prepare confidently for your exam!

The process of achieving an organization's goals through planning, organizing, staffing, directing, and controlling is known as management. This concept encompasses a broad range of activities that are essential for guiding an organization towards its objectives.

Management involves setting strategic goals (planning), determining how to allocate resources and establish structures (organizing), recruiting and hiring the right people (staffing), motivating and leading the team (directing), and measuring progress and making adjustments as needed (controlling). Each of these functions is interconnected and crucial for effective management, as they ensure that an organization operates smoothly and efficiently while adapting to changes in the environment.

The other options reflect narrower concepts. Leadership refers specifically to the ability to inspire and motivate others, focusing more on interpersonal skills than on the broader managerial functions. Goals, while important, are the outcomes organizations strive to achieve rather than the process through which those outcomes are reached. Organization typically refers to the arrangement of resources and tasks, which is only one aspect of the broader management process. Therefore, management is the term that accurately encapsulates the entirety of the actions required to realize an organization's aims.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy