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2. Business management definition is managing the
coordination and organization of business activities.This
typically includes the production of materials, money,
and machines, and involves both innovation and
marketing.
Business management definition is managing the
coordination and organization of business activities.This
typically includes the production of materials, money, and
machines, and involves both innovation and marketing.
Management is in charge of planning, organizing, directing,
and controlling the business's resources so they can meet the
objectives of the policy.

3. An organization or economic system where goods and services are
exchanged for one another or for money.
Every business requires some form of investment and enough
customers to whom its output can be sold on a consistent basis in
order to make a profit.
Forms of Business Undertakings
Private undertaking Public undertaking Joint Sector Undertaking
Departmental
Organization
Public
corporations
Government
Companies
Sole proprietorship
Partnership
Joint Hindu Family
Business
Joint Stack Company
Co-operative Societies

5. The definition of Business Environment, “The sum total of all
individuals, institutions and other forces that are outside
the control of a business enterprise but the business still
depends upon them as they affect the overall performance
and sustainability of the business.”
The forces which constitute the business environment are its
suppliers, competitors, consumer groups, media, government,
customers, economic conditions, market conditions,
investors, technologies, trends, and multiple other institutions
working externally of a business constitute its business
environment.These forces influence the business even though
they are outside the business boundaries.

7. A company, abbreviated is a legal entity made up of an association of people, be
they legal, legal, or a mixture of both, for carrying on a commercial or industrial
enterprises. Company members share a common purpose, and unite to focus
their various talented and organize their collectively available skills or
resources to achieve specific, declared goals. Companies take various forms, such
as:
Voluntary association, which may include no profit organization.
Business entities with an aim of gaining a profit
Financial entities and banks
A company or association of persons can be created at law as a legal person so
that the company in itself can accept limited liability for civil responsibility and
taxation incurred as members perform (or fail to discharge) their duty within
the publicly declared ”birth certificate” or published policy.
Companies as legal persons may associate and register themselves collectively as
other companies – often known as a corporate group. When a company closes, it
may need a ”Death certificate” to avoid further legal obligations.

9. Management is the administration of an organization, whether it is a business, a
not-for-profit organization, or government body. Management includes the
activities of setting the strategy of an organization and coordinating the efforts of
its employees to accomplish its objectives through the application of
available resources, such as financial, natural, technological, and human resources.
The term "management" may also refer to those people who manage an
organization.

11.  DIVISION OF WORK
 ATHORITYAND
RENSPOSIBILITY
 DISCIPLINE
 UNITY OF
COMMAND
 UNITY OF
DIRECTION
 SUBORDINATION OF
INDIVISUAL INTREST
 REMUNIRATION
 THE DEGREE OF
CENTRILIZATION
 SCALER CHAIN
 ORDER
 EQUITY
 STABILITY OF
TENURE
 INITIATIVE
 ESPRIT DE CORPS

13. As a process, management refers to a series of inter-related functions. It is
the process by which management creates, operates and directs purposive
organization through systematic, coordinated and co-operated human
efforts, according to George R.Terry, “Management is a distinct process
consisting of planning, organizing, actuating and controlling, performed
to determine and accomplish stated objective by the use of human beings
and other resources”. As a process, management consists of three aspects:
Management is a social process - Since human factor is most important
among the other factors, therefore management is concerned with developing
relationship among people. It is the duty of management to make interaction
between people - productive and useful for obtaining organizational goals.
Management is an integrating process - Management undertakes the job
of bringing together human physical and financial resources so as to achieve
organizational purpose.Therefore, is an important function to bring harmony
between various factors.
Management is a continuous process - It is a never ending process. It is
concerned with constantly identifying the problem and solving them by taking
adequate steps. It is an on-going process.

14. Management in some form or another is an integral part of living
and is essential wherever human efforts are to be undertaken to
achieve desired objectives.The basic ingredients of management
are always at play, whether we manage our lives or business.
Management is a set of principles relating to the functions of
planning, organizing, directing, and controlling, and the
applications of these principles in harnessing physical, financial,
human and informational resources efficiently and effectively to
achieve organizational goals.
Management is essential for organized life and necessary to run all
types of organizations. Managing life means getting things done to
achieve life’s objectives and managing an organization means
getting tings done with and through other people to achieve its
objectives.

16. Therefore the Global business Management is the
current trend in all aspects and it transformed the
purpose of exchange of resources alone to ideas,
knowledge, culture, Migration. Most of the product
we are using now Is somehow related to global
business via out sourcing at any part of the world.
Understanding peoples values culture & practices
will result in successful Global business
Management.