What term is used for the process that includes setting objectives and determining a course of action for achieving those objectives?

The term that describes the process of setting objectives and determining a course of action for achieving those objectives is planning. Planning is a fundamental management function that involves analyzing the current situation, forecasting future conditions, establishing goals, and determining the most effective strategies to reach those goals. This process is essential for guiding all stages of an organization’s operations toward achieving its mission and vision.

In the context of management, planning lays the groundwork for organizing, leading, and controlling. It helps align resources and efforts toward common objectives, making it a critical factor for successful decision-making and execution in any organization. Through effective planning, organizations can anticipate challenges, identify opportunities, and mobilize resources efficiently.