Management is regarded as an integral part of any organization as it sets things in order to make it’s working efficient and achieve the set aims. It goes without saying that for any set-up to run in its optimum capacity it is important to have some rules and principles in place. There has to be a position of authority in organizational anarchy in the absence of which there would be no structure and rule to operate. In a nutshell, management tasks can be categorized into 4 broader categories namely planning, organizing, leading, and controlling. Backed by strong principles, these principles invest a sense that helps the company to achieve its goals.