This document discusses several topics related to management including the nature of business organizations, principles and functions of management, the management process, decision making, and modern trends. It defines management as the application of knowledge, skills, tools, techniques, and systems to meet customer requirements profitably by defining, visualizing, measuring, controlling, reporting on, and improving processes. Management is discussed as a process, discipline, group of people, and career. The key aspects of business and differences between business and professions are also summarized. Finally, some of the top companies in India and largest multinational companies in Nigeria are listed.