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management (n.)

1590s, "act of managing by direction or manipulation," from manage + -ment. Sense of "act of man aging by physical manipulation" is from 1670s. Meaning "governing body, directors of an undertaking collectively" (originally of a theater) is from 1739.

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Definitions of management from WordNet

management (n.)
the act of managing something;
he was given overall management of the program
Synonyms: direction
management (n.)
those in charge of running a business;
From wordnet.princeton.edu