Meaning of Management

Management in business and organizations is the function that coordinates the efforts of people to accomplish goals and objectives using available resources efficiently and effectively. It is the process of designing and maintaining an environment in which individuals working together in groups, efficiently accomplish selected aims. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization to accomplish a goal. It also includes resourcing that encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.