What is Management?

1. Planning: A process of choosing appropriate goals and actions to pursue and determining what strategies we can use, what actions we can take, and deciding what resources are crucial to achieving the goals.
2. Organizing: A process of coordinating task goals and activities to resources, that is to say, concertedness.
3. Controlling: It can be briefly defined as taking into account (an extraneous factor that might affect results) when performing an experiment. That is, improving performance, taking actions, and so on.
4. Directing: Directing is to be the heart of the business process in which the managers or administrators guide, instruct, and oversee the performance of the workers to achieve predetermined goals.
5. Decision Making: It is the process of identifying and choosing alternatives based on the values, preferences, and beliefs of the decision-maker. At the end of the decision-making process produces a choice that may or may not prompt action.

Yet there remains some disagreement as to whether management is associated with group efforts. Although it is seen as appealing to many people, there are advantages as well as disadvantages because people as individuals manage many personal affairs, the group emphasis of management is universal. It should not be forgotten that it is often associated in places of work but it is actually from personal to relationships, from the house to your workplace to profitable organization and to non-profitable organizations.

People often wonder whether it is an art or science, in fact, similar to each other and it will continue to be a subject of debate. Yet most of  thinkers agree that some form of formal academic management background helps in managing successfully. Therefore, the reason for including business degree programs in all academic institutions.