Management And The Many Factors Of Management Essay

1514 Words7 Pages
Introduction
I am writing this term paper to get a better understanding of management and the many factors of management. People and businesses have come a long way since the beginning of time. Technology is always evolving and becoming more effective and efficient in many ways that we live our lives. What was once an idea or a thought on lined paper, becomes reality in just a matter of seconds. Also, the way that we communicate and interact with one another is evolving faster than we have ever imagined it to. While every organization is different, in all organizations there has to be some sort of management to achieve specific objectives and goals. Management is the process of using organizational goals efficiently and effectively. While Technology is constantly evolving the way that management is handled evolves as well. There are several different elements to think about when it comes to management. For example, management is made up by organizing, controlling, leading, and planning a business or organization. Management is often thought of as a factor of production along with money, machines, and materials. In management the people who plan, lead, organize, and control are considered managers. Managers have the responsibility and power to make decisions and oversee the corporation. “The size of management can range from one person in a small organization to hundreds or thousands of managers in multinational companies” (“Business dictionary,” 2016). There are typically
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