management
noun
  1. the process of directing or running a business

    Examples
    • a management graduate or a graduate in management

    • Good management or efficient management is essential in a large organisation.

    • Bad management or inefficient management can ruin a business.

  2. a group of managers or directors

    Example

    The management has decided to give everyone a pay increase.

    (Note Where management refers to a group of people it is sometimes followed by a plural verb.)

"...the management says that the rate of loss-making has come down and it expects further improvement in the next few years" [Financial Times]

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