The leading function of management should be conducted in a manner that is consistent with the firm’s: A. competition. B. strategic plan. C. customers. D. industry demands. E. labor union.
Question
The leading function of management should be conducted in a manner that is consistent with the firm’s: A. competition. B. strategic plan. C. customers. D. industry demands. E. labor union.
Solution 1
The leading function of management should be conducted in a manner that is consistent with the firm’s strategic plan. This is because the strategic plan outlines the company's goals and the strategies to achieve them. It provides a direction for the company and guides decision-making. It also helps in managing change and navigating through business challenges. Therefore, all management functions, including leading, should align with the strategic plan to ensure that the company stays on its strategic path.
Solution 2
The leading function of management should be conducted in a manner that is consistent with the firm’s strategic plan. This is because the strategic plan outlines the company's goals and the strategies to achieve them. It takes into account the company's strengths, weaknesses, opportunities, and threats (SWOT) and is therefore unique to each company. While competition, customers, industry demands, and labor unions are all important considerations, they should all be factors that are incorporated into the strategic plan. Therefore, the answer is B. strategic plan.
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