Operations of Management
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Operations of Management

539565

  • Ph.D.
  • 3016

Short excerpt:

Management is necessary for any organization. Without clear and effective management, a business is going to lack a sense of control and direction. There would be no co-ordination between different departments, leading to wastage of effort and time. Employees are controlled and supervised with successful management. Management also leads to better organization of resources, resulting in higher output and sales. Apparently, the firm will drift and eventually fail and the business cannot succeed without the much-needed management. The basic roles of management involve planning, organizing, coordinating, commanding and controlling. Management involves taking risks and requires critical decision-making regarding strategic, tactical or operation matters.

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