Which term best describes the action of preparing the organization for future challenges?

The term that best describes the action of preparing the organization for future challenges is planning. Planning involves setting goals and determining the actions needed to achieve those goals, effectively anticipating future conditions and challenges the organization might face. It is a proactive process that allows an organization to allocate resources, develop strategies, and create contingency plans. This foundational step ensures that the organization is aligned with its objectives and can respond effectively to potential issues.

In contrast, organizing involves structuring the organization and allocating resources to implement the plans, directing focuses on guiding and leading employees in executing those plans, and controlling refers to monitoring progress and making adjustments to stay on track with the established objectives. While these functions are essential components of management, planning distinctly emphasizes readiness and foresight in addressing future challenges.