Final answer:
The management function involving setting performance objectives and determining action steps for accomplishing them is Planning. It requires setting SMART goals and creating an Action Plan to achieve these objectives.
Step-by-step explanation:
Setting performance objectives and determining the action steps for accomplishing them describes the management function of Planning. Planning involves setting goals, developing a strategy, and outlining tasks and schedules to accomplish the goals. This management function ensures that a company is prepared to face future challenges effectively and is crucial for achieving the desired outcome. It's essential to have achievable and appropriate goals for successful planning. Having made your goal SMART (Specific, Measurable, Achievable, Relevant, Time-bound), you can then create a tangible Action Plan that outlines the steps needed to attain your goals.
Setting performance objectives and determining the action steps for accomplishing them describes the management function of Planning. Planning involves identifying goals and determining how to achieve them. When setting performance objectives, managers determine the specific goals they want to achieve and then create action steps or strategies to accomplish those goals. For example, a manager might set a performance objective of increasing sales by 10% and then develop action steps such as implementing a new marketing campaign or expanding into new markets to achieve that goal.