Management is the
process of guiding the development, maintenance, and
allocation of resources to attain organizational goals. Managers are the people in
the organization responsible for developing and carrying out
this management process.
Management (or managing) is the administration of an organization, whether it is
a business, a not-for-profit organization, or government body.
Management includes the activities of setting the strategy of an organization and
coordinating the efforts of its employees (or of volunteers) to accomplish
its objectives through the application of available resources, such
as financial, natural, technological, and human resources. The term
"management" may also refer to those people who manage an organization
- managers.
Some people study management at colleges or universities; major degrees in
management include the Bachelor of Commerce (B.Com.) Bachelor of Business
Administration (BBA.) Master of Business Administration (MBA.) Master in
Management (MScM or MIM) and, for the public sector, the Master of Public
Administration (MPA) degree. Individuals who aim to become management
specialists or experts, management researchers, or professors may complete
the Doctor of Management (DM), the Doctor of Business Administration (DBA), or
the PhD in Business Administration or Management. There has recently [when?] been
a movement for evidence-based management.
Larger organizations generally have three hierarchical levels of managers,[1] in a
pyramid structure:
Senior managers, such as members of a board of directors and a chief
executive officer (CEO) or a president of an organization. They set the
strategic goals of the organization and make decisions on how the
overall organization will operate. Senior managers are
generally executive-level professionals, and provide direction to middle
management, who directly or indirectly report to them.
Middle managers - examples of these would include branch managers,
regional managers, department managers and section managers, who
provide direction to front-line managers. Middle managers
communicate the strategic goals of senior management to the front-line
managers.
Lower managers, such as supervisors and front-line team leaders,
oversee the work of regular employees (or volunteers, in some
voluntary organizations) and provide direction on their work.
In smaller organizations, a manager may have a much wider scope and may
perform several roles or even all of the roles commonly observed in a large
organization.
Social scientists study management as an academic discipline, investigating
areas such as social organization and organizational leadership.[2]