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

1. Management

2. Management
Management is an individual or a group of individuals that accept responsibilities to run an
organisation. They Plan, Organise, Direct and Control all the essential activities of the organisation.
Management does not do the work themselves. They motivate others to do the work and coordinate
all the work for achieving the objectives of the organisation.
Management brings together all Six Ms i.e. Men and Women, Money, Machines, Materials, Methods
and Markets. They use these resources for achieving the objectives of the organisation such as high
sales, maximum profits, business expansion, etc.

3. The nature, main characteristics or features of management:
● Continuous and never ending process.
● Getting things done through people.
● Result oriented science and art.
● Multidisciplinary in nature.
● A group and not an individual activity.
● Follows established principles or rules.
● Aided but not replaced by computers.
● Situational in nature.
● Need not be an ownership.
● Both an art and science.
● Management is all pervasive.
● Management is intangible.
● Uses a professional approach in work.
● Dynamic in nature.

4. Management's primary function is to
get people to work together for the
attainment of an organization's goals
and objectives.

5. Business Management Skills
To run a successful business you need a diverse range of business
management skills. When you start your business it’s likely that your
responsibilities will include:
● sales and marketing
● accounts
● human resources
● information technology (IT).

6. Marketing, sales and promotion
Marketing is more than just selling and promoting your business. It's about
identifying your customers and working out how to get them to purchase your
product or service. Go to Marketing for more information.

7. Human resources
Human resources is about managing and looking after your staff. If you’
re buying an existing business or taking on a franchise you may find
that you’ve got employees to manage before you even start your
business.

8. Understanding business financials
The primary objective of any business is to make a profit. Good financial
management is essential to ensure your goal is achieved. The first step
involves understanding your financial statements which is crucial to running a
successful business.

9. Time Management and Planning Skills
“It is vain to do with
more what can be done
with less” – William of
Occam, the originator
of Occam’s razor

10. Financial Management Skills
“It is not how much you make that counts but
how much money you keep” – Robert Kiyosaki

11. Time Management and Planning Skills
Time management skills are your abilities to recognize and
solve personal time management problems.Good time
management skills is what allows you to be productive and
make progress in different areas of your life, and still retain
control over your stress and energy levels.

12. Communication Skills
“The way we communicate with others and with ourselves ultimately determines the
quality of our lives” – Anthony Robbins
Communication is simply the act of transferring information from one place to another,
whether this be vocally (using voice), written (using printed or digital media such as
books, magazines, websites or emails), visually (using logos, maps, charts or graphs) or
non-verbally (using body language, gestures and the tone and pitch of voice).

13. Organizational Skills
“Organizational effectiveness does not lie in that narrow minded concept
called rationality. It lies in the blend of clear headed logic and powerful
intuition.” – Arialdi Minino

14. Continued Self-Development Skills
“Everything we would ever need to become rich and
powerful and sophisticated is within our reach. The major
reason that so few take advantage of all that we have is
simply, neglect.” – Jim Rohn