Explain the objectives of management, giving its definition.
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Management is concerned with achievement of objectives of an organisation. These objectives are achieved through the functions of planning, organising, staffing, directing, controlling and decision-making. The organisational objectives are clearly defined and explained to every employee.
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Management by objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. The objectives of management are: getting maximum results with minimum efforts and to secure maximum outputs with minimum efforts & resources.
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