“…There are many definitions of management in literature, most of whom are universal, for example, a management is defined as a process "consisting of planning, organizing, actuating and controlling, performed to determine and accomplish the objectives by the use of people and resources" (Tripathi and Reddy, 2008). A management activity is a set of "primary functions", for example, Forecasting, Planning, Organizing, Commanding, Coordinating, Controlling as defined in Wren et al (2002) or -by other scholars -Planning, Operating, Directing, Controlling (Tripathi and Reddy, 2008). Thus, a management activity, first of all, includes a predefined sequence of steps, i.e.…”