What is Management?

Answer:
Management is the process of collecting individuals

to form a group which can together accomplish goals and objectives which the members share. Management in business refers to the planning, staffing, organizing, and leading of an organization, as well as its resources, whether human, financial, technological, or natural.

Management in for-profit business is often tasked with providing satisfaction to the shareholders, the customers, and the employees of the business. This involves increasing the productivity and efficiency of production to maximize profit, ensuring quality products to sell to the consumers, and creating good employment opportunities for those working for the company. In non-profit organizations, management must also retain the trust of the donors.