Question:
Developing premises is the second step in the process of one of the management functions. Identify the management function.
Developing premises is the second step in the process of one of the management functions. Identify the management function.
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Remember: Premises = Future Assumptions. You only make future assumptions when you are Planning for the future.
Updated On: Jun 25, 2026
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Correct Answer: 4
Solution and Explanation
Step 1: Concept
Management consists of several primary functions: Planning, Organising, Staffing, Directing, and Controlling. Each has a specific, sequential process.
Step 2: Meaning
"Premises" refer to the assumptions made about the future environment (like economic conditions, market trends) upon which plans are built.
Step 3: Analysis
• The first step of the Planning process is "Setting Objectives."
• Because the future is uncertain, managers must make assumptions about future conditions to create viable strategies.
• Therefore, the second step is specifically called "Developing Premises."
• Other management functions (like Organising or Directing) do not have "developing premises" as their second procedural step.
Step 4: Conclusion
The function that relies on developing future assumptions to chart a course of action is Planning.
Final Answer: Planning
Management consists of several primary functions: Planning, Organising, Staffing, Directing, and Controlling. Each has a specific, sequential process.
Step 2: Meaning
"Premises" refer to the assumptions made about the future environment (like economic conditions, market trends) upon which plans are built.
Step 3: Analysis
• The first step of the Planning process is "Setting Objectives."
• Because the future is uncertain, managers must make assumptions about future conditions to create viable strategies.
• Therefore, the second step is specifically called "Developing Premises."
• Other management functions (like Organising or Directing) do not have "developing premises" as their second procedural step.
Step 4: Conclusion
The function that relies on developing future assumptions to chart a course of action is Planning.
Final Answer: Planning
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