Management - GCSE Business Definition

Management is the process of planning, organising, leading, and controlling the resources of a business to achieve its goals efficiently and effectively. In GCSE Business, management involves making strategic decisions on using resources such as people, money, and materials to maximise productivity and success. Managers play a crucial role in setting objectives, motivating employees, monitoring performance, and ensuring that the business can adapt to changes in the market environment. A good understanding of management helps students appreciate how businesses operate and succeed in competitive markets.