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- Efficiency: It signifies the relationship between inputs and outputs. Efficiency would be greater if fewer inputs are used to produce the required amount of goods or if more goods are produced with the given input.
- Organizational objectives: The modern concept of management insists that all the activities of managers must be directed towards the achievement of organizational goals.
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Explaining the basic terms of management
Management is the process of getting things done with the aim of achieving organizational objectives effectively and efficiently.
The basic elements of this definition are discussed below:
- Process: The pr...
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Explaining the key features of management
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