ETYM From Manage.
1. The act of managing something; SYN. direction, managing.
2. Those in charge of running a business.
Process or technique of managing a business. Systems vary according to the type of organization, company, and objectives.
Since the early 1970s, there has been a growing demand for learned management skills, such as those taught in the Harvard Business School, us, and at the London Business School. By contrast, in Japan, such skills are learned on the job; employees tend to spend their careers with the same company and toward the end will acquire managerial status.