This document discusses the key concepts of management. It defines management as planning, organizing, leading, and controlling resources to achieve organizational goals efficiently. It provides details on each of the main functions: - Planning involves setting goals and determining how to achieve them. It is a systematic process of defining strategies and plans. - Organizing establishes the organizational structure by determining roles and responsibilities. It involves grouping and assigning tasks. - Leading includes motivating employees, providing direction, communicating, and resolving conflicts. The role of leadership is to energize employees to attain goals. - Controlling measures performance against standards, identifies deviations, and takes corrective actions. It ensures goals are achieved according to plans.