ABSTRACT
Management is the organizing and controlling of the components of a business or a sector of a business or industry. It is the act of handling or controlling something successfully. It is also the organization and coordination of the activities of a business in order to achieve defined objectives 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. Management comprises planning, organizing staffing, leading or directing, and controlling an organization or initiative to accomplish goals or objectives. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources for the benefit of the company, employees, and employer. Management is included as one of the factors of production—along with machines, materials, and money. As a discipline, management comprises the interlocking functions of formulating corporate policy and organizing, planning, controlling, and directing a firm’s resources to achieve a policy’s objectives. This implies effective communication: an enterprise environment (as opposed to a physical or mechanical mechanism) implies human motivation and some sort of successful progress or system outcome. As such, management is nor the manipulation of a mechanism (machine or automated program), nor the herding of animals, and can occur in a legal as well as an illegal enterprise or environment. Based on this, management must have humans, communication, and a positive enterprise endeavor. Plans, measurements, motivational psychological tools, goals, and economic measures (profit, commanding, etc.) may or may not be necessary components for there to be management. Management consists of six functions:
