Management involves planning, organizing, leading, and controlling organizational resources and activities to achieve goals. It is defined as the art of getting work done through others. Key functions of management include planning, organizing, staffing, directing, coordinating, reporting and budgeting. Management differs from administration in that administration determines overall policy while management focuses on executing policy. Effective management is important for organizations as it allows them to accomplish goals, utilize resources efficiently, coordinate activities, tackle problems, and adapt to changes.