Has defined the basic problem of managing as the art of "knowing exactly what you want men to do and then see that they do it in the best and cheapest way".
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F. W Taylor has defined that the basic problem of managing and the art of knowing exactly what is wanted of man to be done or to see them doing it in the best and cheapest way is what defines "Management".
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Management is a very important part of business management essentials and these are taught in the historical perspectives of management.
A number of job tools are also used by managers to understand how the other employees are performing and how they should perform or improve.
So an organisation that possesses a good management system, is surely going to succeed not only in terms of economical benefits, but in its fulfillment of objectives as well.
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