The Nature Of Management

1. THE NATURE OF MANAGEMENT

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Process of coordinating a business’s resources to achieve the organizations goal.

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Process of working with & through people to achieve the business goals in rapidly changing environment.

Human Resources: the employees of the business are its most important assets.

Information Resources: knowledge & data required by the business, eg.
-market research
-sales reports
-economic 4casts
-technical material
-legal advice

Physical Resources: -equipment
-machinery
-buildings
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