Management involves planning, organizing, staffing, directing, coordinating, and controlling to achieve organizational goals. Planning establishes objectives and strategies. Organizing develops the organizational structure and divides work. Staffing involves selecting, training, and retaining personnel. Directing includes issuing orders, supervising work, leading, motivating, and communicating. Coordinating synchronizes activities. Controlling regulates activities according to plans by establishing standards, measuring performance, comparing to standards, and correcting deviations. Budgeting is a planning and controlling tool expressed in financial terms based on expected income and expenditures.