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The four management principles that are still relevant and needed in today’s business world. These management principles include planning, organizing, leading and controlling. These four fundamentals of management are needed in all companies from start-ups to established corporations and none of these businesses would be successful without these four fundamental functions of management.
Planning
In a corporate environment, “planning is the management function of systematically making decisions about the goals and activities that an individual, a group, a work unit, or the overall organization will pursue” (Bateman & Snell, 2007, p...
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