Nature and Characteristics of Management

Management plays a crucial role in the efficient utilization of economic resources like money, material, machine, and manpower.

The quality of management significantly affects the success of an organization; even smaller organizations with fewer resources can outperform larger ones if their management is efficient and effective.

Management is a necessity for every organization to ensure proper coordination and achievement of targets through the available resources and team of people.

<p>Development management focuses on coordinating and managing international development programs and projects.</p> Signup and view all the answers

<p>A Distribution Management System is a set of applications designed to efficiently monitor and control the entire distribution network.</p> Signup and view all the answers