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Management can be defined as, “The process of planning, leading, organizing and controlling people within a group in order to achieve goals; also used to mean the group of people who do this.”

An organization is a group of people working collectively to attain common objectives. Wherever there is a structured group of people working in the direction of a common goal, some type of management becomes vital. No business group can run effectively unless there is someone to administer its actions.

It is not easy to understand the effects of the particular situation in which a structured group has no management at all. If different people making up the group are left to themselves, the result will be utterly full of confusedness. Everyone will be administering his or her personal matters, and no one will be responsible for any thing. Therefore, it is the management, which makes the people, realize the objectives of the group and direct their efforts towards the achievement of these objectives.

Management is an important component of any group action. It is a primary force within the group or organization, which tends to direct it towards the groups objective. It is also necessary to plan, organize, co-ordinate and control the dealings of the organization. It puts together human and material resources, and actuates the people for the attainment of the objectives of the organization. Without management; production resources remain resources merely, and never become production.

Management is a universal process in all organized and social and economic activities. In your real life, wherever there is human activity, there is management. You see that every activity you undertake involves an element that ensures co-ordination and cohesiveness to the activity, without which your acts would be unproductive and ineffective. Like the domain of ancient philosophers all mankind is the management’s province