Explain
the following term concept.
principle of management
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Explanation:
Formally defined, the principles of management are the activities that “plan, organize, and control the operations of the basic elements of [people], materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives of
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Answer:
ғᴏʀᴍᴀʟʟʏ ᴅᴇғɪɴᴇᴅ, ᴛʜᴇ ᴘʀɪɴᴄɪᴘʟᴇs ᴏғ ᴍᴀɴᴀɢᴇᴍᴇɴᴛ ᴀʀᴇ ᴛʜᴇ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴛʜᴀᴛ “ᴘʟᴀɴ, ᴏʀɢᴀɴɪᴢᴇ, ᴀɴᴅ ᴄᴏɴᴛʀᴏʟ ᴛʜᴇ ᴏᴘᴇʀᴀᴛɪᴏɴs ᴏғ ᴛʜᴇ ʙᴀsɪᴄ ᴇʟᴇᴍᴇɴᴛs ᴏғ [ᴘᴇᴏᴘʟᴇ], ᴍᴀᴛᴇʀɪᴀʟs, ᴍᴀᴄʜɪɴᴇs, ᴍᴇᴛʜᴏᴅs, ᴍᴏɴᴇʏ ᴀɴᴅ ᴍᴀʀᴋᴇᴛs, ᴘʀᴏᴠɪᴅɪɴɢ ᴅɪʀᴇᴄᴛɪᴏɴ ᴀɴᴅ ᴄᴏᴏʀᴅɪɴᴀᴛɪᴏɴ, ᴀɴᴅ ɢɪᴠɪɴɢ ʟᴇᴀᴅᴇʀsʜɪᴘ ᴛᴏ ʜᴜᴍᴀɴ ᴇғғᴏʀᴛs, sᴏ ᴀs ᴛᴏ ᴀᴄʜɪᴇᴠᴇ ᴛʜᴇ sᴏᴜɢʜᴛ ᴏʙᴊᴇᴄᴛɪᴠᴇs
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