Two co-workers 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 an idea a reality requires which management function?

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CPED

Answer:

The establishment of a new company and assigning the employees in the division the task of making an idea a reality requires ORGANIZING management function.

Explanation:

Managing basically consists of four functions that are as follows:

  • Planning
  • Organizing
  • Leading
  • Controlling

ORGANIZING:

Organizing can be defined as a process in which all the relation including financial, physical and human relations are brought together to achieve goals by gaining productive relationships.

An organizational structure is made by considering resources, identifying them and classifying them into groups. An organized management is ull of coordination.

I hope it will help you!

Answer:

The correct answer is: Organizing.

Explanation:

Management functions refer to the roles high-rank executives must play to handle businesses. Those functions are Planning, Organizing, Staffing, Directing, and Controlling. Organizing refers to the steps taken to create a structure in the organization. Managers should find the most optimal way to group the firm's resources to ensure efficiency and effectiveness. The process of organizing includes:

  • Identification of activities
  • Grouping of activities
  • Assigning of responsibilities
  • Granting authority
  • Establishing relationships