explain in brief management as a group of people heving managerial responsibility for the enterprise

Management is a group activity that involves a group of people having managerial abilities to apply their theoretical knowledge in  a unique manner to motivate co-workers to achieve organisational as well as personal goals. With the growing size of the business and increasing degree of competition, organisations today have realised the need for well-qualified and experienced managers. Proper management ensures smooth functioning of the organisation with judicious use of both time as well as its scarce resources.