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03 Nov 2011
We see thousands of products and services which are being afford by different people or manufacturer in various factories and organizations. This process of manufacturing goods and services is carried out in a smooth way. Activities taking place during the manufacturing of goods and services are managed quite carefully. This study of managing various activities performed in various concerns is called management. The term management refers to coordinating the work activities through or with the people in a way that an organization can achieved or accomplished their goals and tasks effectively and efficiently. The management process consists of four phases which have been elaborated as under. Planning is the first step in management...