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Management exists in the administration of an organization, whether it stands for a business, a non-profit organization, or a government body. It exists the art and science of managing the resources of the business.
What is Management?
Management exists in the administration of an organization, whether it stands for a business, a non-profit organization, or a government body. It exists the art and science of managing the resources of the business.
Principles of management can be both descriptive and prescriptive.
As the functions of management exist established on certain principles. These principles form the basic characteristics of management theory, which work as a systematic grouping of corresponding principles.
For example -
A principle exists said to be descriptive if it only represents the relation between various variables.
A principle exists said to be prescriptive if it demonstrates what a manager should do.
Principles of management exist broad and fundamental facts that establish a connection between cause and their effects. These principles function as guidelines for managerial decision-making and their course of action. It exists through principles that management anticipates the outcome of their actions.
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