Management is the process of dealing with or controlling things or people. It is the association and
organization of the activities of a business in order to achieve defined goals. Management is often
included as a factor of production alongside machines, materials, and money.
According to the management guru Peter Drucker, the basic duty of management comprises both marketing and innovation.
The practice of modern management originates from the 16th-century study of low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More.