Final answer:
In management, the detailed formulation of future actions to reach a goal is called planning, which includes setting the strategy for achieving set objectives and developing a master plan.
Step-by-step explanation:
The detailed formulation of future actions to achieve a particular end in the context of management is known as planning. This activity entails setting goals that are achievable and appropriate, as well as outlining a strategy to accomplish these goals. Planning is a key function of management that aligns with identifying problems, setting an agenda, and ultimately leading to the development of a master plan to guide future actions and ensure the efficient use of resources.