Nowadays, management is the most important invention all over the world, as it is the art of administration. Management is the way of communication between employers and employees; the ability to organize the effective work of the production. It is one of the types of administration, helps to develop not only the right interconnections but to improve and produce skills of managers. Proper management makes sure all parts of the company work for achieving the highest goals. Management helps to plan and balance the resources of a company in the right way without any disarray. Without proper management, the development of industry can lead to crash and bankruptcy companies. Management underlies in the successful prosperity of companies, not only in industrial but also in such industries as education, science, medicine, etc.