Management as a Procedure : refers to the Functions of Management i.e. Planning, Organising, Directing, Controlling, and so on. People who aim at becoming management researchers or professors may perhaps full the Medical professional of Business Administration (DBA) or the PhD in business administration or management. Some see management (by definition) as late-modern day (in the sense of late modernity ) conceptualization. Middle managers communicate the strategic goals of senior management to the front-line managers. In most models of management and governance , shareholders vote for the board of directors , and the board then hires senior management.