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  2. What is management? Management is the coordination and administration of tasks to achieve a goal. Such administration activities include setting the organization’s strategy and coordinating the efforts of staff to accomplish these objectives through the application of available resources.
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    What does management mean?Putting this all together, we can propose a definition of management: management is the process of planning, organizing, leading, and controlling people in the organization to effectively use resources to meet organizational goals.
    What is the role of Management in a business?It requires supervision, teamwork and coordination, and in this way, management comes into the picture. Dynamic function: An organization exists in a business environment that has various factors like social, political, legal, technological and economic. A slight change in any of these factors will affect the organization’s growth and performance.
    What is business management?Business management is the art and science of planning, organizing, directing, and controlling the resources and activities of a business to achieve its objectives efficiently and effectively. It encompasses a broad range of activities including strategic planning, resource allocation, leadership, and decision making.
    What are the functions of Management?Defining the goals of the organization, planning the actions to meet the goals, and organizing the resources needed to carry out the actions are all vital functions of management. Planning and organizing ensure that everyone in the organization is working together toward meeting goals. Organizations, like families, also have goals.
     
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