Collective management refers to the process where a group of individuals or organizations come together to manage shared resources or rights. This approach is often used in areas like intellectual property, where creators, such as musicians or authors, pool their rights to ensure fair compensation and protection. By working collectively, they can negotiate better terms and streamline the management of their works. In the context of copyright, collective management organizations (CMOs) play a crucial role. These organizations collect royalties on behalf of their members, distribute payments, and monitor the use of creative works. This system helps ensure that creators receive fair compensation for their contributions while simplifying the licensing process for users.