This is the provision of financial data and advice to a company for use in the organization and development of its business. 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, and human resources.

Management Definition: The system of dealing with or controlling things or people in the most efficient and effective way. Hence, management is a wider concept which includes staffing and managing things a business own.