Source : Webster's Revised Unabridged Dictionary (1913)

Conduct \Con*duct"\ (k[o^]n*d[u^]kt"), v. t. [imp. & p. p.
   {Conducted}; p. pr. & vb. n. {Conducting}.] [See {Conduct},
   n.]
   1. To lead, or guide; to escort; to attend.

            I can conduct you, lady, to a low But loyal cottage,
            where you may be safe.                --Milton.

   2. To lead, as a commander; to direct; to manage; to carry
      on; as, to conduct the affairs of a kingdom.

            Little skilled in the art of conducting a siege.
                                                  --Prescott.

   3. To behave; -- with the reflexive; as, he conducted himself
      well.

   4. (Physics) To serve as a medium for conveying; to transmit,
      as heat, light, electricity, etc.

   5. (Mus.) To direct, as the leader in the performance of a
      musical composition.

Source : WordNet®

conducting
     n 1: the way of administering a business
     2: the direction of an orchestra or choir; "he does not use a
        baton for conducting"