What are the six elements of management and their explanation?

The six management elements are Man, Money, Materials, Machines, Methods, and markets.

1. Man or people, or human resources is a factor that determines the success of business management.
2. Money, where money must be arranged in such a way as to gain profit and streamline the production process.
3. Materials. Availability of materials is one of the requirements for a perfect production process.
4. The machine is equipment that makes human activities easier.
5. Methods are technologies or ways to do work so that work is faster and more helpful to achieve goals.
6. A market is a place where materials are available, an exchange of money, machinery, and equipment, and a place to market products.

Berbagi :