Which function of management involves analyzing information and setting goals?

Planning is a fundamental function of management that involves analyzing information and setting goals. This process starts with gathering and evaluating data relevant to the organization's objectives, understanding both the internal and external environments. Managers must assess current conditions, resources, and opportunities to identify where the organization stands and what challenges it may face.

Once this analysis is complete, the next step in planning is to establish goals and objectives that align with the organization's mission and vision. These goals provide direction and serve as benchmarks for measuring progress. Effective planning also involves creating action plans to achieve these goals, ensuring that all necessary resources are allocated efficiently.

This function not only sets the tone for how other management functions such as staffing, directing, and controlling will be executed but also ensures that the organization is proactive rather than reactive in its approach to achieving success.