Question

How does management help benefit society?

Answer 1

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§ Supplying goods and services that customer cannot, or do not want to, produce themselves

§ Creating jobs for customers, suppliers, distributors and co-workers. These people make money to support themselves and their families, pay taxes and use their wages to buy goods and services

§ Continually developing new goods, services and processes

§ Investing in new technologies and in the skills of employees

§ Building up and spreading international standards, e.g. for environmental practices

§ Spreading “good practice” in different areas, such as the environment and workplace safety