management (n.)

1560s, "to handle, train, or direct" (a horse), from the now-obsolete noun manage "the handling or training of a horse; horsemanship" (see manege, which is a modern revival of it), from Old French manège "horsemanship," from Italian maneggio, from maneggiare "to handle, touch," especially "to control a horse," which ultimately from Latin noun manus "hand" (from PIE root *man- (2) "hand").

Extended sense of "control or direct by administrative ability" any sort of business is by 1570s; meaning "to wield (a tool or object) by hand" is from 1580s. Meaning "effect by effort" (hence "succeed in accomplishing") is by 1732. Intransitive sense of "get by, carry on affairs" is suggested by 1650s, in frequent use from mid-19c. Related: Managed; managing. Managed economy was used by 1933.

Manage literally implies handling, and hence primarily belongs to smaller concerns, on which one may at all times keep his hand: as, to manage a house; to manage a theater. Its essential idea is that of constant attention to details: as, only a combination of great abilities with a genius for industry can manage the affairs of an empire. [Century Dictionary]

common suffix of Latin origin forming nouns, originally from French and representing Latin -mentum, which was added to verb stems to make nouns indicating the result or product of the action of the verb or the means or instrument of the action. In Vulgar Latin and Old French it came to be used as a formative in nouns of action. French inserts an -e- between the verbal root and the suffix (as in commenc-e-ment from commenc-er; with verbs in ir, -i- is inserted instead (as in sent-i-ment from sentir).

Used with English verb stems from 16c. (for example amazement, betterment, merriment, the last of which also illustrates the habit of turning -y to -i- before this suffix).

The stems to which -ment is normally appended are those of verbs; freaks like oddment & funniment should not be made a precedent of; they are themselves due to misconception of merriment, which is not from the adjective, but from an obsolete verb merry to rejoice. [Fowler]

"careless or improper management," 1660s; see mis- (1) "bad, wrong" + management.