[man-ij-muh
nt] 
| 1. | the act or manner of managing; handling, direction, or control. |
| 2. | skill in managing; executive ability: great management and tact. |
| 3. | the person or persons controlling and directing the affairs of a business, institution, etc.: The store is under new management. |
| 4. | executives collectively, considered as a class (distinguished from labor ). |
| man·age·ment (mān'ĭj-mənt) n.
|
The body of individuals who run major businesses, usually without owning them but often with the reward of stock options.
management
1. Corporate power elites distinguished primarily by their distance from actual productive work and their chronic failure to manage (see also suit). Spoken derisively, as in "*Management* decided that ...".
2. Mythically, a vast bureaucracy responsible for all the world's minor irritations. Hackers' satirical public notices are often signed "The Mgt"; this derives from the "Illuminatus!" novels.
[The Jargon File]
(1995-02-28)