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Management (or managing) is the administration of organizations, whether they are a business, a nonprofit organization, or a government body through business administration, nonprofit management, or the political science sub-field of public administration respectively. It is the science of managing the resources of businesses, governments, and other organizations.
Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees or volunteers to accomplish its objectives through the application of available resources, such as financial, natural, technological, allocated authority, and human resources. "Run the business"[1] and "Change the business" are two concepts that are used in management to differentiate between the continued delivery of goods or services and adapting of goods or services to meet the changing needs of customers - see trend. The term "management" may also refer to those people who manage an organization—managers.
Some people study management at colleges and universities; major degree programs in management within the private sector include the Bachelor of Commerce (B.Com.), Bachelor of Science/Bachelor of Business Administration (BSBA/BBA.), Master of Business Administration (MBA.), Master in Management/Master of Science in Management (MiM/MSM) and, for management in the public sector, degree programs include the Bachelor of Arts (BA) or Bachelor of Science (BS) in Political Science (PoliSci) with a concentration in Public Administration, and the Master of Public Administration (MPA) degrees. Interdisciplinary degree programs such as the Master of Nonprofit Organizations (MNO) or the Master of Nonprofit Management (MNM) exist, as well as the MPA/MBA dual degree program where coursework for both the Master of Public Administration and Master of Business Administration are taken at the same time to complete the degree program in a shorter time than doing both separately. Individuals who aim to become management specialists or experts, management researchers, or professors may complete the Doctor of Management (DM), the Doctor of Business Administration (DBA), the Doctor of Public Administration (DPA), the PhD in Business Administration, the PhD in Management, or the PhD in Political Science with a concentration in Public Administration. In the past few decades, there has been a movement for evidence-based management.[2]
Business administration
Management of a business
Accounting
Business entities
Corporate governance
Corporate law
Corporate title
Economics
Finance
Types of management
Organization
Trade
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Larger organizations generally have three hierarchical levels of managers,[3] in a pyramid structure:
Senior managers such as members of a board of directors and a chief executive officer (CEO) or a president of an organization sets the strategic goals and policy of the organization and make decisions on how the overall organization will operate. Senior managers are generally executive-level professionals who provide direction to middle management, and directly or indirectly report to them.
Middle managers such as branch managers, regional managers, department managers, and section managers, who provide direction to the front-line managers. They communicate the strategic goals and policy of senior management to the front-line managers.
Line managers such as supervisors and front-line team leaders, oversee the work of regular employees, or volunteers in some voluntary organizations, and provide direction on their work. Line managers often perform the managerial functions that are traditionally considered as the core of management. Despite the name, they are usually considered part of the workforce and not part of the organization's management class.
Some professional service employees who have similar duties to and use the same skills as managers without supervisory duties such as regular employees classified as white-collar workers with specialized training in liberal arts and pure sciences education or professional development education as opposed to blue-collar workers working in manual labor or the skilled trades.
Some grey-collar workers who are in a career advancement transitional or intermediary stage between blue-collar and white-collar work, where formerly blue-collar workers perform managerial duties supervising others that perform manual labor and/or skilled trades.
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