Management is the activity which plans, organizes, and controls the operations of the basic elements of men, materials, machines, methods, money, and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the thought objectives of the enterprise.

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Quote text and notes from Wikiquote: George R. Terry (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.