The management principles, which are now practiced by

business practitioners and professionals, are based on scientific principles.

Efficiency is the quality of being able to maximize output with minimum input.

Some companies failed to implement their strategies

because of the lack of employees who will execute them.

Efficiency means “doing the right thing".

The driving force of people to do

business in a faster way is communication.

Globalization enables people to do business in any part of the world.

Several concepts from psychology such as motivation,

behavior, attitude, and personality give managers

the means to know their employees better.

A business environment consists of a group of firms

which provides related products

and services to meet the needs

and interests of all the key players involved.

Management is the process of planning, organizing, leading, and controlling

the activities of an organization effectively

and efficiently to achieve organizational goals.