Management Definition

definition of management

Organizing and coordinating a company's activities to achieve defined goals. The management consists of the interdependent functions of creating the corporate policy and organising, planning, controlling and managing the resources of an organisation in order to achieve the objectives of this policy. As one uses management in a sentence. Include views of the definition and scope of management: The management definition talks about the different components that managers need to control to achieve their goals.

Definition and significance of management

"Changes in management can be very helpful in terms of time. When a management team is serious about restructurings, they will often employ someone from a best-in-class organization to implement them. A manager from a first-class business who takes over a latecomer can mean that an opportunitiy for harvest is ripe." "Share warrants are necessarily linked to the overall perfomance of a business.

They should therefore only be assigned to executives with overall responsibilities. Executives with restricted responsibilities should have an incentive that pays off in proportion to the results under their supervision. The. 350 is expecting and deserving a big win for its achievement - even when playing for a basement group.

The. 150 racquet shouldn't get a prize - even if it's playing for a flag-pendant. He who bears overall responsability for the entire group should bind his remuneration to his results."


1Process of handling or checking things or humans. 1.1 treated as single or multiple The persons who manage a business or organisation are considered as one. 1.2 The responsibilities and controls of a business or organisation. 1.3Psychiatric Medicine The management or supervision of illnesses or disturbances or the support of the patient suffering from them.

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