What is managment?

There is no one definition for the term management. However, Fayol (1916) defined the term management as; "To manage is to forecast and plan, to organize, to command, to co-ordinate and to control." Mc Ilwee.T and Roberts I, (1991): p.g117 Management is not homogeneous and is undertaken at all levels of the organisation, as it is an integrating activity. Managers have to manage in order to achieve the overall objectives and strategy of the firm. …

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