Business management as a group:

It should be remembered that management is only an idea as such without physical existence.Like science or goverment,it is an abstraction.But people who carry out management activities and functions are not abstraction the are human beings endowed with ability to lead and motivate and to bring out the hiden capabilites.

The management of a limited company is the board of directors,consisting of both executive and nonexecutive direstors. the execcutive directors assist in formulating policies with the other members of the board but htey also have day to day responsiblity for efficient management of the affairs of the company.They do so with the help of thier subornites who are called functional managers such as production manager sales manager personnal manager and so on. The functional managers are assigned specific duties and are delegated neccesary authority to carry out thier duties.The functional managers on thier part have thier own subordinates who are assigned duties of specific area or functions and who report to thier resective functional managers.

It may be said that all those who direct the work of others are part of management.But there mayalso be some managers who may not direct the work of others and yet be a part of management.