Question

The process of developing strategies, designing and operating systems, and working with people around the world to ensure sustained competitive advantage is called as​

Answer 1

Management is the process of developing strategies, designing and operating systems, and working with people around the world to ensure sustained competitive advantage.

• Management is essential for all kinds of organisation like non-profit organisation, service organisation, and social organisation.
• Management is a pervasive function and is required at all levels.
• Management provides guidance and direction to the individuals who are required to fulfill the organisation goals.
• It increases the efficiency of the people working in the organisation.
• It also helps in increasing productivity through planning organising controlling and directing.