The management process is a sequence of preparation, adoption, and implementation of decisions and measures necessary and sufficient to effectively achieve the chosen goal with available funds.
The need for management arises long before the operation of a firm. It is carried out from the moment of the choice of the final purpose and at designing of the firm, and at its construction and the organization, and at functioning, reconstruction and modernization.
It is incorrect to limit the management process only to the stage of the firm's functioning because mistakes made during design and construction often cannot be completely eliminated during the functioning of the firm.
At each stage of the management process, the preparation of decisions is carried out by specialists (functional managers). Decisions are made both by them and by heads of divisions of the firm (managers).
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