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The primary concept of management
Management is a planned method of creating and maintaining a specific environment in an organisation in which a group of people work collaboratively and effectively to reap the benefits chosen with intention. The fundamental principles on which the entire management machine relies are: making plans, organising, monitoring, and controlling.
The time period "control" is derived from the Italian phrase "maneggiare," which means to handle, which in turn is derived from the Latin word "manus," which means to approach with the hand. In an enterprise context, the modern definition of "management" is used. Control has been described variously over the years.
What are the main objectives of management?
Increasing The efficiency of factors in manufacturing
Through the right use of different factors of production, their performance may be appreciably greater, which can be achieved with the aid of minimising breakdowns, wastage, and breakdowns of a wide variety.
Human betterment and social justice
Control serves as a tool for development in addition to the betterment of the business enterprise and society.
What are the main goals of management?
Getting maximum results with minimum efforts
Control is involved with planning and making use of all the assets in a manner that could bring about this great combination.
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The control ensures the employer's smooth and coordinated operation. This, in turn, enables the worker to have suitable operating conditions, an appropriate pay system, a one-way incentive scheme, and better profits.
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Economic control is concerned with making plans and organising monetary activities. "Financial management" refers to the management of funds within a company.
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Strategic control is a broad concept that should not be linked to specific techniques. It's far from the traditional method of making plans, monitoring them, and analysing the position of the agency to satisfy the clients' desires and targets.

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