Management refers to the administration of an entity – such as an organization or business – by establishing strategies and coordinating the efforts of the participants or employees such as to facilitate the accomplishment of the entity’s goals and objectives through efficient application of resources such as human resources, technological, financial, and natural resources.
Functions of management
· Planning – entails the determination of the course of action
· Organizing – entails the coordination of various resources and activities
· Leading – leading is the managing, directing, and motivating people
· Control – evaluating and monitoring various activities