Management involves coordination of business activities to achieve certain results that cannot be achieved by one person. It involves effective utilization of human and material resources to achieve an enterprise or firms objectives. Management can also be termed as job whereby someone is employed to perform certain tasks and this person does not have the direct ownership of the business. Management is also one of the factors of production since it’s charged with the responsibility of organizing other resources which determine the success and failure of a business.
The management should therefore accept the responsibilities of change and become catalysts of change by proper utilization of the managerial functions which are; planning, organizing, controlling, directing and coordination of business activities, otherwise the management should always provide a favorable environment for the growth of the business.
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