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What is business?
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Management comprises directing and controlling a group of one or more people or entities for the purpose of coordinating and harmonizing them towards accomplishing a goal.Management often encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. Management can also refer to the person or people who perform the act(s) of management. |
The verb manage comes from the Italian maneggiare (to handle - especially a horse), which in turn derives from the Latin manus (hand). The French word mesnagement (later
ménagement) influenced the development in meaning of the English word management in the 17th and 18th centuries.
Management has to do with power by position, whereas leadership involves power by influence. Compare stewardship.
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