Management aspires to attain financial as well as social targets. It survives to accomplish some specific goals or objectives. Group efforts in management are always directed towards the attainment of some prearranged goals. It is related with the constitution and execution of all these objectives. The primary objective of management is to run the enterprise smoothly. The profit-making goal of a business is also to be considered while undertaking different functions. The management also helps an organization in the following: -

- Optimum utilization of available resources.
- Ameliorating performance and ability.
- Mobilizing best talent.
- Making plan for time to come.

It is a dynamical function, and it has to be executed constantly. It is frequently engaged in the moulding of the enterprise in changing business environment. It is a distinctive process performed to establish, and achieve the stated objective by making the use of human beings along with other resources. It is different from the activities, techniques and procedures.

Management is applicable in all types of organizations. The basic principles of management are of universal application, and can be applied in all types of organizations whether they are business, sports, social, cultural, politics, and educational or military. It is needed at all levels of the organization, i.e. top level, middle level and supervisory level. Thus, managerial levels signify the arranged managerial locations in an organization. The number of levels of management hinges upon its volume, expertise and the series of production. The main significance of levels is that they determine authority relationships in an organization.