Possible Duplicate:
Is a company always plural, or are small companies singular?
Which one of the following is correct?
Management gets its ideas from its employees.
Management gets their ideas from their employees.
Possible Duplicate:
Is a company always plural, or are small companies singular?
Which one of the following is correct?
Management gets its ideas from its employees.
Management gets their ideas from their employees.
In American English, the management is used as a singular collective noun (like group) as American corpus and Ngram searches repeatedly confirm. A singular verb in order to maintain subject-verb agreement:
The management gets its ideas from its employees.
However, it is noteworthy that the COED allows for the word to be regarded as plural:
[treated as singular or plural] the people managing a company or organization, regarded collectively:
management were extremely cooperative
Also, the British National Corpus comes up with 9 results when searched for the management are, 8 of which are applicable to this scenario. I tend to believe, then, that the difference is mainly between British English and American English; that though management is more generally considered singular in both areas, British English is more likely to support a plural interpretation than American English.
Management is planning to hire more workers. = (Brit) (The) Management are planning to hire more workers.
Source: Merriam-Webster
BrEng seems to be more accommodating of notional agreement than AmEng. Speakers of BrEng are quite happy to follow nouns like management, government, committee and several more with a plural verb, particularly when they wish to emphasise the discrete nature of the members of the group rather than their homogeneity.
The NOAD reports that management, when used to mean "the people in charge of running a company or organization, regarded collectively," is treated as singular or plural.
Looking at the Corpus of Contemporary American English, I can find 931 sentences containing management is, and 180 sentences containing management are; in the British National Corpus there are 428 sentences containing management is, and 120 sentences containing management are. To make a comparison, in the Corpus of Historical American English, the sentences are respectively 405 and 101.
In American English, you can simultaneously use the singular verb "gets" and the plural pronoun "their". For example,
Management gets their yearly bonuses in February.
sounds terrible to my ear with "its".
In the OPs sentence, I would use "its", because in this sentence you are treating the management as a singular entity. However, I wouldn't say using "their" was incorrect.