Planning and Organizing Function of Management

Coordinating resources and tasks to achieve the objectives (correct)

Setting specific, measurable, achievable, relevant, and time-bound (SMART) goals

Analyzing the external business environment

Forecasting future trends and developments

Creating innovative product designs

Establishing clear reporting relationships (correct)

Conducting market research and analysis

Developing motivational strategies for employees

Planning is a reactive process, while organizing is a proactive process

Planning involves setting goals, while organizing involves coordinating resources to achieve those goals (correct)

Planning is concerned with external factors, while organizing deals with internal factors

Planning focuses on short-term objectives, while organizing focuses on long-term goals