Information Management is the process of information identification, production, classification, storage, dissemination and utilization considering the organizational, cultural, social as well as technological components. Given this, information management would require teamwork and well-defined task description for each and every individual. In order to fulfill their special tasks to secure the four pillars of information management (Production, Organization, Storage and Dissemination and finally application) Information managers are at the mercy of crucial factors such as technology, organization and social-cultural makeup of corporations. The present paper explores the concept of information management and would delve further into strategic information management, personal information management, interpersonal information management as well as effective information management. In the conclusion it would make a case from the standpoint of information ecology.