Which skill involves defining objectives and determining strategies for achieving them?

The skill that involves defining objectives and determining strategies for achieving them is planning. Effective planning is a fundamental aspect of management that ensures resources are allocated appropriately, timelines are established, and goals are aligned with the overall vision of the organization.

In the context of business management, planning requires a thorough assessment of both the internal and external environments to identify what needs to be achieved. This involves setting clear, measurable objectives and strategizing on the best pathways to reach those objectives. Such strategic planning serves as a roadmap for the organization, guiding decision-making processes and helping to ensure that all team members are working towards common goals.

By engaging in the planning process, managers can anticipate potential challenges and opportunities, thus allowing for proactive adjustments rather than reactive responses. This makes planning a critical skill for any successful manager.