management process:

management process: ( ) Maximum productivity or profitability and ( ) Maximum human welfare and satisfaction. There are five parts of management as a process: first, the co-ordination of resources; second, the performance of managerial functions as a means of achieving co- ordination; the third, establishing the objective or purpose of management process, i.e., it must be purposeful managerial activity; the fourth aspect is that management is a social process, and the fifth is its cyclical nature.