Management in businesses and organizations is the function that coordinates the efforts of people to accomplish goals and objectives by using available resources efficiently and effectively.

Management is often included as a factor of production along with‚ machines, materials, and money

Management to consist of six functions:

Forecasting
Planning
Organizing
Commanding
Coordinating
Controlling

In profitable organizations, management's primary function is the satisfaction of a range of stakeholders. Management typically involves making a profit for the shareholders, creating valued products at a reasonable cost for customers, and providing great employment opportunities for employees.

Management operates through five basic functions:
planning, organizing, coordinating, commanding, and controlling.


Planning: Deciding what needs to happen in the future and generating plans for action(deciding in advance).

Organizing: Making sure the human and nonhuman resources are put into place

Coordinating (or staffing): Creating a structure through which an organization's goals can be accomplished.

Commanding (or leading): Determining what must be done in a situation and getting people to do it.

Controlling: Checking progress against plans.