What are the key principles and functions of management, and how do they apply to various organizational settings?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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What are the key principles and functions of management, and how do they apply to various organizational settings?

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Step 1: Define the term management:

 Management is the process of planning, organizing, leading, and controlling an association's  coffers, including people, finances, accoutrements , and information, to achieve its  pretensions and  objects efficiently and effectively. It involves coordinating the  sweats of a group of  individualities or  colorful  coffers to  negotiate specific tasks and meet the association's asked   issues.   

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