: The text differentiates strategic planning (administration) from execution (management). 2. The Five Functions of Management
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Planning is the foundational function of management. It involves bridging the gap between where an organization is today and where it intends to be in the future. Ensuring activities align with the original plan and
Ensuring activities align with the original plan and correcting deviations. 2. The Entrepreneurial Journey
The book details the process of setting objectives and determining the best course of action to achieve them. It covers strategic, tactical, and operational planning.
This chapter explains how to structure an organization for success. It covers the steps in organizing, principles of organization, different types of organizational structures, and the concepts of authority, power, responsibility, and delegation. The second half is dedicated to staffing, covering its importance and the processes of recruitment and selection.