MANAGEMENT Introduction Management is a very important term in business organizations around the world. Management does help the organizations to make sure that they coordinate the efforts of the people for accomplishing goals and objectives. Goals and objectives of organization are accomplished by way of using available resources in an efficient and effective manner. Management is required in each and every organization as it helps in ensuring that the organization carries out its operations properly. There are various kinds of activities carried out in the course of management. Activities in management include planning, organizing, staffing, leading, directing and controlling of the organization. In case of management, organization makes use of its resources in such a manner that, the activities are carried out within the stipulated period of time and the organization does not get into any kind of problem or issue. In the future, it is likely that, few changes could be made in the concept of management. The changes in management are also likely to make impact on social change. Future of Management In the future, it is likely that, certain changes might take place in the course of management. The manner in which organizations are carrying out their management activities may not remain the same in the future. It is likely that some kind of innovation might be carried out in the management activities in the future. The managers within the organization should understand the future of management in such a manner that they achieve their targets and control the employees for performing the tasks in a proper manner. First change in the area of management within organizations would be regarding the use of transformational leadership. Transformational leadership is a particular form of leadership which is likely to increase the performance of followers by way of motivating them to transcend self interest in relation to the work to be carried out by them. Transformational leadership helps in ensuring that the employees within the organization work towards identification of the link between visions of the work to be carried out by them.