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The study of management in a systematic way as a distinct body of knowledge is only of recent origin. That is why; management is often described as "oldest of the arts & youngest of the science". Management is a Science or an Art.

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17y ago

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Why is it important for organization to use project management to accomplish tasks?

Effective project management can be used to monitor the schedule and budget. By clearing defining the project scope and objectives, the team will be able to execute effectively. Project management must be used to ensure that the team is meeting their objectives, without letting scope creep to occur.


Role and scope of production management?

Production management involves planning, organizing, leading, and controlling the activities involved in manufacturing a product or offering a service. It aims to efficiently utilize resources to meet production goals, ensure quality, and deliver products or services on time. The scope of production management includes production planning, process design, production control, inventory management, and quality control.


Scope for MBA in hospital management?

scope in Hospital adminstration is enormous as health care is a field where in lot of development is yet to happen. Upcoming fields in health care like telemedicine , healthcare infomatics, medical tourism will get a lot of revenue. India being a country where population is huge, our strength is the population ... i would definetly like to conclude the hospital management has lot of scope not only for doctors but hospital will also have branches like HR, Operations, IT.


What is the scope of educational philosophy?

The scope of educational philosophy includes examining the goals, methods, and outcomes of education. It addresses questions about the nature of knowledge, the purpose of education, and the role of the teacher and student in the learning process. Educational philosophy also explores concepts such as curriculum development, teaching strategies, and educational equity.


Scope of working capital management?

Working capital management involves monitoring a company's current assets and liabilities to ensure it has enough liquidity to meet short-term obligations and efficiently utilize its resources. It includes managing cash, inventory, accounts receivable, and accounts payable to optimize the company's financial health and operational efficiency. Effective working capital management can help enhance profitability, reduce risks, and support sustainable growth.

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What is the nature and scope of international financial management?

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