The performance of organizations depends to a large extent on how
resources are allocated and the ability to adapt to changing conditions.
Successful organizations know how to manage people and resources
efficiently to accomplish organizational goals and keep those goals in
tune with changes in the external environment. Management
specifies the coordination and integration of work activities with and
through other people. Management understands the four major
functions of management (planning, organizing, leading, controlling),
and how individuals, teams, and managers implement strategies
effectively, efficiently, and ethically.
Alex G. McKenna School of Business, Economics and Government Web Site