MANAGEMENT PROCESS

Management process is a process of setting goals, planning and controlling the organizing and leading the execution of any type of activity.

For any business,

  • Inputs include resources like human, financial, raw materials, technology, and information.

  • Following receipt of these inputs, the activities of the personnel, managerial functions, as well as the organization's processes and technologies, transform them into final products or services.

  • Outputs include products/services, financial results like profits or losses and human results like employee productivity and also job satisfaction.

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