1. Management and administration are related but distinct concepts. Management involves executing plans and policies to achieve defined objectives through tasks like planning, organizing, staffing, directing, coordinating, and controlling.
2. Administration sets broad policies and oversees the direction of resources to achieve goals. It focuses on establishing objectives, assessing resources, and setting priorities at a higher level than management.
3. The key functions of management include planning, organizing, staffing, directing, coordinating, reporting, recording, budgeting, and controlling. Effective management requires tasks like recruitment, training, performance evaluation, communication, motivation and leadership.