What do you mean by management?
Management is a method for facilitating a business in a coordinated way
so that the appropriate targets can be realized through efficiently using
material resources. Strategic planning, structuring, recruiting, and
coordinating help management meet organizational objectives.
Management is vital to operate various sorts of organizations and is
essential for an integrated approach. The backbone of profitable
businesses is efficient/proper management. While studying management,
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What is the principle of management?
There is various principle of management, such as:
Discipline
Balancing responsibilities, duties and authorities
Centralization
Divide the task properly
Unity of command
Order
Initiative
Unity of direction
Fairness
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What is the importance of management?
There is various importance of the management,
such as:
Minimize the cost
Management helps in achieving the aims of the
organizations
Develop equilibrium
Proper usage of resources
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