When thinking of management or managers, one may think in those terms. However, this definition is very limited in its description of what management is, does, and involves. Central to this process is the efficient and effective use of organizational resources. Let's look at the components of the preceding definition, in order to explain the term management more clearly. First, management involves working with others.
Any organization is a collection of individuals.
No organization, no matter how dependent upon equipment or technology, can exist without people. The core of management is working with people to achieve the organization's objectives. Organizational objectives speak to the reason that organizations exist. Organizations and their respective objectives differ greatly. A business may exist to earn a profit for its owners.