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
- Following the Guiding Principles of Content Management
- Content management is about getting the right information to the right person at the right time—at the right cost. By using the Internet as its primary publication medium, content management affords people much greater access to the information they need. When approaching content management, keep in mind that your Web...
- Articles 2007-12-05
- Are You a Management Imposter?
- Are You a Management Imposter?Are You a Management Imposter?I would agree that this is a very subjective topic; however, time is usually the litmus test. Repeated short coming and/or failures would lead one to conclude whether this were true or not.Management Imposter gets caught and learnsTrue Management Impostures are discovered...
- Discussion threads 2008-05-09
- Understanding Matrix Management
- Matrix management is a system based on multiple employee reporting structures. It emphasizes both "vertical" organizational hierarchy and "horizontal" relationships. In other words, any employee within a matrix organization reports upwards to superiors and, based on geographic requirements, may also report sideways to peers. It came about as organizations recognized...
- Articles 2007-04-23
- Workplace Bullying: A Management Primer
- Workplace Bullying: A Management PrimerRE: Workplace Bullying: A Management PrimerThis is a very important article on Bnet because it addresses a very important issue in workplaces today. Not many of us are fortunate enough to have a good workplace without interventions in terms of harassment. Fewer still are lucky not...
- Discussion threads 2008-10-28
- Moving from Selling to Account Management
- To succeed in key account management, sales staff need to change their role and their objective. Instead of pursuing short-term profit, they must concentrate on managing customer relationships and understanding the customer's whole business. Account managers have two important roles—account support and account development. Successful account management requires a wide...
- Articles 2007-10-19
- 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
- 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
- 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
- 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
- The Why, What, and How of Management Innovation
- The Idea in Brief Breakthroughs in your company's management processes--such as creation of intellectual property, brand building, talent development--deliver potent competitive advantages. By perfecting the industrial research laboratory, for example, General Electric won more patents than...
- Articles 2008-04-01
- Sales = Management Scapegoat
- Sales = Management ScapegoatSales = Management ScapegoatSeveral years ago, my wife was a national sales manager for an international biotechnology company. For 5 consecutive quarters she met her sales quota, 100% growth - in a mature industry. For the sixth quarter, her company raised the quota to 300%...
- Discussion threads 2008-01-29
- Planning a Crisis Management Strategy
- When companies experience a major problem that threatens their business, they need to react quickly and effectively to protect their reputations. Providing clear information to customers and the media can build support and help the company to recover quickly. An important part of the process is having a crisis management...
- Articles 2007-11-02
- Bridging The Gap Between Corporate Strategy And Project Management
- This paper explores the development of program management out of project management and defines program management as "a set of related projects with a common strategic goal or aim". It explains this as a tool to bridge the gap between corporate strategy and projects. It describes the reasons why...
- White papers 2003-01-01
- Yahoo's Bottomless Bureaucratic Maw; or, a Story of Management Meltdown
- Yahoo's Bottomless Bureaucratic Maw; or, a Story of Management MeltdownLeadership is to blame...how to fix that???Although I am in a different industry, I suffer from the same lame leadership issues; once an agile company now bogged down in leadership drugery; I think its a case of the company outgrowing its...
- Discussion threads 2008-02-14
- Danger: Talent Management Can Be Divisive
- Everyone seems to be talking about talent management at the moment. It came up as a priority for at least 50 per cent of Ashridge’s Management Index of important trends, driving the business school to launch a course to help managers frame the business case and avoid common pitfalls. ...
- Blog posts 2008-07-01
- Traditional management, quality management, and constraints management: Perceptions of ASQ members
- In addition to traditional management TM approaches, newer management philosophies such as quality management QM and constraints management CM are playing a central role in many contemporary organizational activities. Based on a literature review, sIn addition to traditional management TM approaches, newer management philosophies such as quality management QM and...
- Research articles 2003-01-01
- The Seven Myths of Sales Management
- In the post "Better Sales Manager: Obama or McCain" I discussed the role of the sales manager in terms that we're entirely complimentary.  That's not because I don't respect sales managers, though. Let's talk seriously for a moment. Being a sales manager is one of the...
- Blog posts 2008-09-02
- The Future of Innovation Management; Hamel and Bryan Speak
- Gary Hamel and Lowell Bryan offer similar perspectives on the future role of management in their respective books, "The Future of Management" and "Mobilizing Minds" (co-authored by Claudia Joyce). Each calls for organizational change so managers an direct employees with the same innovative energy that is devoted to product development -- minimizing complexity and harnessing every...
- Blog posts 2007-11-20
- The Value of Project Management
- Implementing Project Management adds significant value to organizations. This article is the result of a survey of more than 100 senior-levelproject management practitioners by the Center for Business Practices, the research arm of the consulting and training organization,Project Management Solutions, Inc. More than 94% of the respondents stated that implementing...
- White papers 2000-10-01
- Acquisition/Financial Systems Interface Requirements: Checklist for Reviewing Systems Under the Federal Financial Management Improvement Act
- The Federal Financial Management Improvement Act of 1996 FFMIA requires that agencies implement and maintain financial management systems that substantially comply with federal financial management system requirements. These requirements are described in detail in the Office of Management and Budget's OMB guidance and in the Federal Financial Management System Requirements...
- White papers 2004-06-01
