The paper deals with management functions in up-to-date conditions of modern economics reality. The research describes the basic functions of company management and, in addition, special features of every function are studied. Summing up, the author does some concrete conclusions about the fact that in actual competitive conditions nowadays it has become actual to use all tools and functions of management. Moreover, this definite management strategy helps companies to reach high results and to get a profit. There is a great and common profit like a company`s interaction and accumulation of their experience in management and administration fields helping us to understand how this system works.