Management is defined as the process of designing and maintaining an environment where individuals work together to effectively accomplish their aims, primarily through functions such as planning, organizing, staffing, leading, and controlling. The document outlines Henri Fayol's fourteen principles of management, emphasizing the importance of division of work, authority, discipline, unity of command, and others, to enhance productivity and efficiency within organizations. It highlights the need for various managerial skills and the hierarchical structure of organizations to achieve effectiveness and a collaborative team spirit.