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Management is a process, which exists to get results by making the best use of the human, financial and material resources available to the organization and to individual managers.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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Management is a process, which exists to get results by making the best use of the human, financial and material resources available to the organization and to individual managers. (Armstrong, 1990) On the other hand, in economics point of view, it said that economics is the subject, which try to maximize utility of every scarce resource. As you can see, these two subjects also emphasize on the important of adding value to the resources, and this added value depends on the skill and commitment of the people who are responsible for managing the business. Management functions are the activities that take place in organizations and the things that the people who manage these activities do, which involves using processes, responding to instructions, allocating work, getting teams into action and seeing that the required results are obtained. (Armstrong, 1990) Managers should have the competence to recognize the standards and quality in their...
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