Management is the act of bringing people together and using the resources efficiently to achieve the goals and objectives of an organization. Management theory is usually applied to profit-making organizations. However, certain aspects of management also apply to public administration and non-profit organizations.
Business management aims at making a profit and is divided into six different branches. Operations management is the branch that deals with planning and executing the activities within the organization. Human resource management is managing the organization's workforce, while financial management is about optimal use of financial resources to achieve results.
Marketing management refers to supervision of the marketing activities and resources within the organization. Managing the technological resources of an organization is called Information technology or IT management.
People who are responsible for an organization's management are called managers, or administrators. Managers use financial resources, human resources, natural resources and technological resources efficiently to deliver the desired output. They are also responsible for planning, staffing, organizing, directing and controlling the business for a specific purpose.
Managerial roles are divided into three levels - senior-level, mid-level and first-level. Top or senior level management consists of the managing director, president, vice-president and board of directors who control and oversee the overall functioning of the business. They are also responsible for formation of policies, strategic planning, and decision-making.
Mid-level managers are responsible for management of a particular department in the organization. Their main functions include formation of efficient work groups, implementing information systems, monitoring and reporting performance, resolving problems within work groups and encouraging supportive behavior among different work groups.
First-level managers are responsible for managing basic day-to-day activities of employees in their section. Assigning work to employees, monitoring and directing work processes and providing feedback are activities carried out these managers. | 
