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Pihu decided to start a business …

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Pihu decided to start a business involving export of Assam's Muga silk sarees. She sets the target of the sales proceeds of 15,00,000 for the first year. She gathered information about different foreign agencies and buyers interested in the product. She used this information as the base for future planning and shared with her team of seven members. A meeting is scheduled in the following week to find innovative ways to achieve the objective. (a) Explain the steps taken by Pihu while performing one of the functions of management. (b) Briefly explain any three advantages of performing this function of management.
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