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Management Functions
Essay specific features
Written by:
Rita S
Date added:
January 12, 2013
Level:
University
Grade:
A
No of pages / words:
4 / 1059
Was viewed:
4681 times
Rating of current essay:
Essay content:
Success requires both effectiveness and efficiency. Managers who accomplish their mission and objectives are said to be effective. Efficiency describes the relationship between the amount of resources used (input) and the extent to which objectives were accomplished (output). If the cost of accomplishing an objective is prohibitive, then the objective is not realistic in the context of the firm's resources...
displayed 300 characters
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Additional planning is necessary. Management is defined as the process of setting and achieving goals through the implementation of some basic management functions. These functions include planning, organizing, leading, and controlling. By using these key tools, one can create an organization as a whole consisting of unified parts acting in harmony to achieve goals, both successfully and proficiently...
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