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Management is defined as the process of getting things done, effectively and efficiently, through and with other people to achieve specific goals and purposes. Henri Fayol, a French geologist and engineer who was one of the proponents of the Administrative Theory believed that management, regardless of the specialized area, was comprised of fourteen universal principles. These are Division of Labour or Work, Authority, Discipline, Unity of Command, Unity of Direction, Subordination of the individual interest to the general interest, Remuneration, Centralization, Scalar chain or Line of Authority, Order, Equity, Stability of tenure to personnel, Initiative and Esprit de Corps.
The functions of management describe the managers' jobs. The four main functions of management are planning, organising, leading, and controlling, although some identify additional functions. The functions of management define the process of management as distinct from accounting, finance, marketing, and......

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Approximate Pages: 6 (250 words per double-spaced page)

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