Principles of Management

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Management is the process of planning, organizing, leading, and controlling an organization’s resources, including human, financial, material, and informational, to achieve specific goals efficiently and effectively. It involves coordinating and overseeing the activities of others to ensure that organizational objectives are met. Management applies to various organizational levels, from individual departments to the entire organization. Effective management is key to navigating challenges, optimizing performance, and adapting to changing environments. It involves making decisions, solving problems, and leading people toward achieving common objectives. Management not only ensures the smooth functioning of an organization but also drives innovation, fosters growth, and sustains competitive advantage.

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