BNET Business Dictionary
Business Definition for: Management
- the use of professional skills for identifying and achieving organizational objectives through the deployment of appropriate resources. Management involves identifying what needs to be done, and organizing and supporting others to perform the necessary tasks. A manager has complex and ever-changing responsibilities, the focus of which shifts to reflect the issues, trends, and preoccupations of the time. At the beginning of the 20th century, the emphasis was both on supporting the organization's administration and managing productivity through increased efficiency. Organizations following the models of Henri Fayol and Max Weber built the functional divisions of personnel management, production management, marketing management, operations management, and financial management. At the beginning of the 21st century, those original drivers are still much in evidence, although the emphasis has moved to the key areas of competence such as people management. Although management is a profession in its own right, its skill-set often applies to professionals of other disciplines.
Wiktionary Definition for: Management
- administration; the process or practice of managing.
Additional Resources
- The Philosophy of Project Management
- This article has attempted to discuss a very wide range of practices and issues associated with project management. Project Management is an art, science and process too but, most of all, Project Management is a lot of Common Sense. Without organizing for project management and without establishing a set of...
- White papers 2003-01-01
- Self-Management
- Self-management implies managing all the affairs ‘alone’ with little or no supervision. In sales management parlance, self-management means chalking out and operationalizing the different steps in the sales management process on an individual basis. It includes assessing the potential sales territories and executing effective time management. The paper examines these...
- Presentations 2003-01-01
- Time Management Tip: Do You Lead By Crisis Management?
- Is your management style whether self-management or managing a team the root of your time management issues? Crisis management is a management style that is consistently driven by uncontrolled external issues. This management style reacts to crisis rather than proactively predicting and planning to prevent crisis. The reason you get...
- White papers 2007-10-21
- Knowledge Management is a Business Imperative
- Law is a knowledge-based profession. However, for many lawyers, knowledge management remains a narrow theoretical concept. To succeed at knowledge management, lawyers must take a broad view of knowledge management, and consider both the strategic and operational elements of knowledge management such as : 1. Knowledge management must be closely...
- White papers 2003-09-29
- Issues Management and Crisis Management
- The main obective of this article is to distinguish between the conventional and strategic management approaches to issues management, Identify the stages in the issues management process and also describe the major components in the issues development process and factors in actual practice. It also focuses on issue and crisis...
- Presentations 2003-01-01
- Quality Management/Change Management: Two Sides of the Same Coin?
- Change management strategies, as discussed in the literature, commonly share similar approaches and processes. Quality management or business excellence frameworks include many of the elements seen to be essential to effective change management. By adopting a management framework, a holistic approach to organizational change, development and innovation can be achieved.
- White papers 2004-04-14
- Change Management Basics: Roles in Change Management
- While there are many similarities between project management and change management (both are used to implement successful projects, both use a process, both use a set of prescribed tools), there is one major difference - a project manager applies project management on a project (a single resource can do the...
- White papers
- An Application Of Network Management At A Large Computing Service
- Productive operation of a large computer network serving multiple user facilities in conjunction with several host sites requires the use of network management. As treated here, network management includes an array of such methods as communication systems management, problem management, change management, and inventory management. In this paper the use...
- White papers 2003-02-12
- Strategic Management and Management by Objectives
- No clear understanding of Management by Objectives in relation to Strategic Management has emerged in the literature. This paper attempts to point out the complexities surrounding Management by Objectives, and how the evolution of Strategic Management as a group process supersedes MBO as a system of planning, implementation, obtaining feedback,...
- White papers 2004-05-14
- Project Management Tools: A New Look
- The project management arena is not new. People have used project management software to automate the administration of their projects for years. What is new, however, is what these tools are now addressing - portfolio management, improving best practices and providing for collaboration among disparate development teams. When discussing portfolio...
- White papers 2003-02-28
- Strategic Management Meets Knowledge Management: A Literature Review And Theoretical Framework
- In many organisations, proponents of knowledge management struggle to gain its acceptance by senior management. The rhetorical question 'Is knowledge management tasked with: managing the knowledge that an organisation has; or managing the knowledge that an organisation needs?' is posed to knowledge management practitioners. The answer to the question lies...
- White papers 2004-10-14
- How to Make Knowledge Management More Rigorous
- Although the knowledge management field is maturing, a great deal of hand waving and hype surrounds it. False promises and over-expectations are being created; many vendors are calling their products “knowledge management” tools even though they might simply be database, information management or document management tools; a dearth of rigorous...
- White papers 2003-01-01
- Organizing For Project Management
- The management of construction projects requires knowledge of modern management as well as an understanding of the design and construction process. Construction projects have a specific set of objectives and constraints such as a required period for completion. The management process approach emphasizes the systematic study of management by identifying...
- White papers 2003-01-01
- Basic Frameworks for Risk Management
- This article provides an overview of frameworks for risk management using the NERAM risk management framework as a benchmark for comparison. The report illustrates how a “standard” risk management framework can be adapted to meet the risk management objectives of a range of agencies. The article also describes how a...
- White papers 2003-01-01
- Research Prospects On Business-To-Business Revenue Management
- Revenue management and electronic distribution-systems have emerged as powerful decision and information technologies to support the management of demand for a company's products. Important applications include the management of commercial reservation processes in the airline, travel, and hospitality industries, and dynamic pricing of inventory in retail chains. Consequently, revenue management...
- White papers 2006-06-01
- Alternative Strategies
- Strategic management is the process of operationalization of a firm’s strategy. Matrix management is a type of project organization that facilitates strategic management. Matrix management structure allows for speedy procurement of materials, rapid project execution, and quick results from the project. The paper examines strategic management and discusses alternative strategies...
- Presentations 2003-01-01
- Building A Time Management System
- Finding a time management system that works for you as an individual or works for your office or corporate team can be a complicated and gruelling task. It is also well worth it in the end as the individuals and businesses are taught excellent skills involving time management that they...
- White papers 2006-01-01
- Process Oriented Knowledge Management: A Service Based Approach
- Knowledge Management evolved to a serious management discipline that aims to integrate in the orchestra of existing management approaches. This paper introduces a new viewpoint in knowledge management by introducing KM-Services as a basic concept for Knowledge Management. This paper discusses the vision of service oriented Knowledge Management (KM) as...
- White papers 2003-07-02
- We Don't Need No Change Management
- Modern non-practical theories on change management, certification-driven quality processes and a maze of change management related guidelines, templates, forms and checklists have made Project Managers often fall into the trap of change denial and customers perceive it as Change Aversion. This was not the intent of "Change Management". Good project...
- White papers 2004-05-01
- Change Management and Projects
- Change management in the context of this paper is the process of setting, managing and meeting the expectations of stakeholders to ensure project success. It is not about scope control and management of changes to scope, schedule, or quality, although these attributes impact the change management process. These latter types...
- White papers 2003-01-01
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