Origin: Latin suffix -ment
Management has 3 different meanings across 1 category:
the act of managing something
"he was given overall management of the program"
"is the direction of the economy a function of government?"
those in charge of running a business
"The new management decided to close the downtown branch to cut costs."
Administration; the use of limited resources combined with forecasting, planning, leadership and execution skills to achieve predetermined specific goals.
"The new project manager applied rigorous management techniques to align our scarce budget with strict delivery deadlines while motivating the team toward our quarterly targets."
In plain English: Management is the act of organizing and directing people or resources to get a job done effectively.
"The new management plans to open a second store next year."
Usage: Management refers to the administration of an organization or group, focusing on how leaders coordinate people and resources to accomplish specific objectives. Use this term when describing the overall process of overseeing operations rather than individual tasks or products.
The word management comes from combining the verb manage with the suffix -ment, which turns actions into nouns. It entered English to describe the act of managing or being managed.