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Management is the process of planning, organizing, leading, and controlling resources to achieve organizational goals from "summary" of Fundamentals of Management (For B.Com, BBA, BBM and BMS) by J.P. Pathak
Management involves a series of activities that are carried out in a systematic manner to achieve the goals of an organization. The first step in the management process is planning, which involves setting objectives and determining the best course of action to achieve those objectives. Planning is crucial as it provides direction and focus for the organization. Once the objectives are set, the next step is organizing. Organizing involves arranging resources and tasks in a way that will enable the organization to achieve its goals efficiently and effectively. This includes structuring the organization, delegating responsibilities, and establishing communication channels. After planning and organizing, the next step in the management process is leading. Leading involves motivating and influencing employees to work towards the common goals of the organization. A good leader is able to inspire and guide their team members to perform at their best and contribute to the success of the organization. The final step in the management process is controlling. Controlling involves monitoring performance, comparing it to the established objectives, and taking corrective action when necessary. This ensures that the organization stays on track and achieves its goals in a timely manner.- Management is a dynamic and multifaceted process that requires a combination of skills, knowledge, and experience. By effectively planning, organizing, leading, and controlling resources, managers can steer their organizations towards success and achieve their desired outcomes.
