Abstract: As the indispensable productive force factor in the activities of business production and management, the management and administration has the same peculiarities and function as capital, namely, it is the capital which can bring the increment of value. Just because of the capital possessing of integration function, all kinds of production factors can produce the effect of function magnification. This kind of capital not only has the generality of ordinary capital but also has its peculiarity. Only the capital quality of management is correctly recognized can the basic intension and spirit essential of management be mastered so as to lay down the scientific theoretical basis for establishing the effective inspirit mechanism and restraint mechanism.