Management gurus have categorized the functions of management into four distinct areas: planning, organizing, leading and controlling. Each area is particularly important for nonprofit management.

The composite has a hub of four management functions (planning, organizing, leading and controlling) and 19 management activities, or "spokes" of the wheel. Here are the activities for each function.

Examples of Management Contracts. A management contract is a legal agreement that grants operational control of a business initiative to a separate group.