Step 1: Comprehending the Inquiry. The inquiry concerns the managerial process of establishing goals and devising strategies for their attainment. Step 2: Evaluating the Choices. - Planning: Planning is the management function that entails defining objectives and selecting the optimal approach to accomplish them. - Organising: Organising focuses on arranging resources and tasks, but not on initial objective setting. - Coordination: Coordination ensures synergy among organizational components, rather than objective formulation. - Controlling: Controlling monitors progress and implements corrective measures, but it does not involve setting objectives. Step 3: Determination. The appropriate response is Planning, as it directly encompasses objective establishment and the creation of strategies for their realization. Final Determination: \[\boxed{\text{The correct answer is (1) Planning.}}\]