The management practices a business adopts will inform how well it is able to achieve its goals and respond to changes in the workplace. For-profit and nonprofit businesses achieve their goals through the four steps of management: planning, organizing, controlling, and leading. Technical, conceptual, and interpersonal skills are essential to the management process. It also involves using human, financial, and informational resources. In this unit we explore how successful business management involves teamwork, communication, creating a clear corporate mission and culture, following good business ethics, and a commitment to social responsibility.
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