Certified Production & Operations Manager (POM) Practice Exam

Which of the following is NOT considered an element of the management process?

1. Planning

2. Organizing

3. Pricing

4. Controlling

The correct answer is: Pricing

The management process is generally defined by various core elements that include planning, organizing, leading, and controlling. Each of these components plays a critical role in how organizations function and achieve their objectives. When discussing the management process, planning refers to setting objectives and determining a course of action. Organizing involves arranging resources to support the plan, while controlling ensures that organizational goals are being met by monitoring performance and making necessary adjustments. Pricing, while an important function within a business, especially in marketing and finance, is not considered a fundamental element of the management process itself. It is often viewed as a tactical function that falls under the influence of broader management processes rather than an element in its own right. By understanding this distinction, it becomes clear why pricing does not belong to the established elements of the management process. This knowledge is vital for identifying the key roles and responsibilities within management and understanding how they contribute to an organization's success.