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