What are the aspects of management?

There are two main aspects to Management. Operational and Entrepreneurial. (with all management positions falling into one of these categories)

Operational Management deals with the aspect of a business or company on the day-to-day side of things. Made to keep a business or organization "body" running smoothly.

Entrepreneurial Management deals with Risk-Taking, and making the decisions that will affect the future of the business. -as you may tell, this is the higher form of management, but also the most 'thin-iced' as well.-

I hope this helped. =)