Management has now emerged as an academic discipline.   If the word is split into three parts are - manage + men + t, it implies that management is the art of managing men (also women) tactfully. Here the term 'tactfully' has greater significance. Through it stands for wielding power, it implies strength and cooperation for force, responsibility for obedience to rank and dynamic guidance for authority. It also means creative leadership directed towards result orientation. India has more than four million executives in managerial positions with or without formal education. This indicates the huge demand for management graduates and post graduates. Most of the college and institute in India provide the MMS (Master in Management Service) Degree which has equal importance as does MBA.