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Administration, science and managing resources of the business of an organization
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Management

Administration, science and managing resources of the business of an organization

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.

Strategic Management - the process of setting goals, procedures, and objectives in order to make a company or organization more competitive. Typically, strategic management looks at effectively deploying staff and resources to achieve these goals.
Sales Management - encompasses hiring, training and motivating the sales team, forecasting sales and setting sales goals, and developing effective strategies for managing leads and increasing sales. Sales is the primary benchmark of success for many companies, so having an effective sales management process is paramount.
Marketing Management - is a process of controlling the marketing aspects, setting the goals of a company, organizing the plans step by step, taking decisions for the firm, and executing them to get the maximum turn over by meeting the consumers' demands.
Public Relations Management - the practice of managing and disseminating information from an individual or an organization to the public in order to affect their public perception. Public relations and publicity differ in that PR is controlled internally, whereas publicity is not controlled and contributed by external parties.
Operations Management - the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labour into goods and services as efficiently as possible to maximize the profit of an organization.
Supply Chain Management - in commerce, supply chain management is the management of the flow of goods and services between businesses and locations. This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption.
Procurement Management - is also referred to as the source-to-settle process. It encompasses the evaluation, selection, and creation of formal contractual agreements as well as managing the company's ongoing supplier relationships. Procurement is a complex discipline spanning many interrelated activities.
Financial & Accounting Management - used by managers and directors to make decisions regarding the daily operations of a company. A distinguishing feature of managerial accounting is that it is not based on past performance, but on current and future trends.

Management is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business

  • 1 : the act or art of managing : the conducting or supervising of something (such as a business) Business improved under the management of new owners.
  • 2 : judicious use of means to accomplish an end is extremely cautious it comes to money management.

Management Is a distinct process consisting of planning, organising, actuating and controlling; utilising in each both science and art, and followed in order to accomplish pre-determined objectives.

Business management is the coordination and organization of business activities. Business managers oversee operations and help employees reach their top productivity levels. A business manager may also supervise or train new employees, help a business reach its operational and financial objectives.

There are three broad categories of management styles: Autocratic, democratic and laissez-faire.

It helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals.

Management (or managing) is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.