Answer to Question #325011 in Economics of Enterprise for Gert

Question

When SABMiller first started in 1895 as Castle Breweries, they would have needed to consider what the future might offer, how this impacts on the business, and what needs to be done now to prepare for it. Which management skill does this refer to?

Select one:

a. Project management

b. Planning skills

c. Strategy skills

d. Marketing skills

Answer 1

The ability to think about and successfully manage activities, with the help of any available resources, to achieve specific goals is known as one's planning skills. Planning is basically a roadmap that guides us on how to complete a task before attempting to begin it.

So, the correct answer is b.