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Essay

Management Functions

Essay specific features

 

Issue:

Business

 

Written by:

Rita S

 

Date added:

January 12, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1059

 

Was viewed:

4685 times

 

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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...
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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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General issues of this essay:
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