Management Cycles: Their Concept, Essence and Role in Modern Economy

摘要

The purpose of the present article is to research the variety of problems that determine managerial activity in terms of theory and practice. The research methods used by the author include scientific abstraction, comparative analysis, synthesis, generalization of theoretical conclusions, as well as the principles of integrated approach and consistency. The key practical impact of the research can be formulated as follows: it can be used in further theoretical studies of the nature and role of management cycles, as well as applied in management and business (in particular, in the process of managing enterprises, organizations, and companies).