Question

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?

Answer 1

The correct answer is: Organizing.

Step-by-step 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