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according to Nickels and others, refers to the management function that involves anticipating future trends and determining the best strategies and tactics to achieve organizational objectives

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User BalaB
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1 Answer

7 votes

Final answer:

The management function described involves anticipating future trends to achieve organizational goals and attract investors. Established companies with transparent profit strategies can secure funds from bondholders and shareholders.

Step-by-step explanation:

According to Nickels and others, the management function that involves anticipating future trends and determining the best strategies and tactics to achieve organizational objectives is pivotal in guiding companies towards sustained growth and prosperity. Companies that are established with clear profit strategies can attract financial capital from investors like bondholders and shareholders without requiring them to know the managers personally. The availability of information about a company's products, revenues, costs, and profits makes it easier for outside investors to make informed decisions, fostering an environment of trust and investment readiness.

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User Renato Stauffer
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