Final answer:
Producing is not a step in the management process; it is an outcome of the operational side of a business while planning, leading, organizing, and controlling are key managerial steps.
Step-by-step explanation:
In the context of the management process, the words planning, leading, controlling, and organizing represent key steps in effective management. Among the options provided, producing is NOT a step in the management process.
Producing is an outcome or a function of the operational side of the business, which follows after management has planned, organized, controlled, and led the organization towards achieving its objectives.
More specifically:
- Planning involves setting objectives and determining a course of action for achieving those objectives.
- Organizing involves developing an organizational structure and allocating human resources to ensure the completion of objectives.
- Leading requires the management to motivate and communicate with employees, individually and in groups.
- Controlling involves ensuring that performance does not deviate from standards and involves establishing measuring systems of control.
Understanding each of these steps is critical for anyone looking to become effective in a managerial or leadership role.