Which management process involves setting objectives and determining the best course of action?

The management process that involves setting objectives and determining the best course of action is planning. Planning is foundational to effective management, as it requires identifying specific goals that the organization aims to achieve and outlining the strategies and steps necessary to reach those goals. This process encompasses analyzing current situations, forecasting future conditions, and deciding on the resources and actions needed to navigate from the present state to the desired future state.

Planning also considers potential obstacles and helps managers formulate actionable plans, making it a critical component in guiding decision-making and resource allocation within an organization. It lays the groundwork for other management functions, including leading, organizing, and controlling, by providing a clear direction and framework for what needs to be accomplished.