Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business, political, cultural, or social are involved in management because it is the management that helps and directs the various efforts towards a definite purpose.Management is the art of getting things done through and with people in informally organized groups. It is the art of creating an environment in which people can perform and individuals and can cooperate towards the attainment of group goals.Management is the art of knowing what to do when to do and seeing that it is done in the best and cheapest way.