Answer to Question #149947 in Management for Srushti Shah

Question

Excellent Clothing Company is run by Ms Dilnaz and her son, Burzin. The manufacture dresses For women and has diversified production Of mask since April 20 To take advantage of the large demand Of mask due to recent COVID-19 impact. Till now the decisions were taken on an adhoc basis by the promoters. However, Given the phenomenal growth in business, they understand the importance of having formal process in the place.
You were hired as the Management accountant To enable them to formalise the decision making process the company.
Please advise them Regarding the significance and components of the following 3 key steps involved in decision-making process of the company.
A) planning
B) directing
C) controlling

Answer 1

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