ABSTRACT
Management presupposes two things: a subject that manages and an 'object' that is to be managed. The role of managers is closely related to the powers that are conferred on different levels of management—top-level, middle-level and lower-level management. Top management provides feedback to company members in order to demonstrate the value they add to the business through their management roles and functions. Management can relate to many types of organisation such as a business company, a household or a government. Five fundamental ideas are useful for understanding the processes of management. Management implies: dynamics, orientation, freedom of action, power, and responsibility and accountability. Management is a dynamic process. Management is oriented towards achieving the goals established for the business company. Management freedom of action is constrained by a range of factors. Management is also concerned with the exercise of power to help achieve the goals that are established for the company.
