Which of the following best defines management?

The best definition of management is the function of planning, organizing, coordinating, and measuring information. This definition encapsulates the comprehensive role that management plays within an organization. Management is not simply about enforcing regulations, which is more specific to compliance roles. Instead, it involves a broader set of activities aimed at ensuring that the organization functions effectively.

Planning refers to setting goals and determining how to achieve them, while organizing involves arranging resources and tasks to implement those plans. Coordinating ensures that different parts of the organization work together harmoniously toward common objectives, and measuring information helps assess progress toward those goals and informs future decision-making.

This holistic approach reflects the multifaceted nature of management, which requires integrating various functions to achieve organizational success. Each aspect of this definition highlights essential skills and activities that managers use daily, demonstrating how they support both strategic and operational objectives within a company.