employee benefits: legally required or voluntary compensation provided to employees in addition to their salaries. The amount of resources expended in accomplishing goals, often referred to as the ration of inputs to outputs; measured in terms of how quickly information can be sent or how many people can receive the information. quantitative approach: using quantitative techniques, such as statistics, information models, and computer simulations, to improve decision making. Government policy or rules and regulations, on the other han… contingency planning: development of alternative courses of action that can be implemented if and when the original plan proves inadequate because of changing circumstances. The following contains a (sometimes commented) glossary of terms related to lean manufacturing or production management with a brief definition. brainstorming: an idea-generating process that encourages the development of alternatives while withholding criticism of those alternatives. Glossary of Knowledge Management 3 Knowledge management The explicit and systematic management of processes enabling vital individual and collective knowledge re-sources to be identified, created, stored, shared, and used for benefit. Below are some ethics terms used on this website and in publications of the Ethics Research Center, the research arm of ECI. Environmental Protection Agency of the USA) or research reports of large groups of scientists and projects etc. Its practical expression is the fusion of information management and organizational learning. organizational change: a significant change that affects an entire company. grapevine: the informal communications network within an organization (also known as social network and informal channels). classical scientific: a branch of the school of classical management theory, whose emphasis is on increasing productivity and efficiency. Management Definitions by Great Management Scholars Management Dictionary, Glossary and Terms directory. Proactive Risk Management. Definition, Meaning and characteristics of Principles of Management. Its practical expression is the fusion of information management and organizational learning. Using this approach, we can arrive at the management process which describes the work of any manager. When you combine all your marketing goals and objectives into one plan, you have a marketing strategy. Campaign management Managing the communication elements of a specific promotional campaign in terms of communication mix elements i.e. network structure: an operating process that relies on other organizations to perform critical functions on a contractual basis. Administrative management is the use of institutions and order rather than relying on personal qualities to get things done. Principles of Management is adapted from a work produced by a publisher who has requested that they and the original author not receive attribution. The following contains a (sometimes commented) glossary of terms related to lean manufacturing or production management with a brief definition. For additional terms and definitions, consult the . interpersonal communication: real-time, face-to-face, or voice-to-voice conversation that allows immediate feedback. a condition of certainty: a situation that occurs when the decision maker has perfect knowledge of all the information needed to make a decision. unstructured problems: difficulties that involve ambiguities and information deficiencies and often occur as new or unexpected situations. Each of the concepts that are typically covered in a Principles of Management course are included in this manuscript. He improved the condition of the company from virtual bankruptcy to high success. Empathy. centralized organization: authority is concentrated at the top of the organization. licensure agreement: contractthatgrants onefirm the right to make or sell another company's products. This website uses cookies. job enlargement: a type of job re-design that increases the variety of tasks a position includes (also known as horizontal job loading). validity: proof that the relationship between a selection device and some relevant job criterion exists. leadership style. competitive advantage: any aspect of an organization that distinguishes it from its competitors in a positive way. An area of accounting that deals with external reporting to parties outside the firm; usually based on standardized rules and procedures bureaucracy: a form of organization based on logic, order, and legitimate use of formal authority. Private Emails on 12manage. Management is a broad business discipline, and the Principles of Management course covers many management areas such as human resource management … concurrent control: method of regulation applied to processes as they are happening. Principles of Persuasion. plan: a blueprint for goal achievement that specifies the necessary resource allocations, schedules, tasks, and other actions. Records Management Glossary of Terms This glossary provides definitions for many of the archival and records management terms found on this website. The list below relies on definitions used by internationally recognized organizations (e.g. incentive pay: links compensation and performance by paying employees for actual results, not for seniority or hours worked. They are the principles upon which we build product promotion strategies. leading: establishing and influencing others to follow a specific direction. Henri Fayol's 14 Principles of Management Edit. Classical management theory developed into two separate branches: the classical scientific school and the classical administrative school. For additional terms and definitions, consult the . Concise, targeted (toward specific stakeholders) communications designed to produce specific responses. Decision trees assign probabilities to each possible outcome and calculate payoffs for each decision path. An A to Z Dictionary of Management Terms currently contains more than 100 terms organizational climate: the by-product of organizational culture; it is the barometer for determining the morale of the employees. cross-functional teams: groups of experts in various specialties (or functions) who work together on solutions to organizational problems. content theory: identifies physical or psychological conditions that act as stimuli for human behavior. accountability: the answering for one’s actions and accepting the consequences. Milestone Privacy and Cookie Policy of 12manage. job sharing: process in which one full-time job is split between two or more persons (also known as twinning). cost-leadership strategy: system that focuses on keeping costs as low as possible through efficient operations and tight controls. Comments. Concepts, Principles and Functions of Management Mrs. Bhaumika Sharma Lecturer, MMIHS Banasthali, Nepal 2. Download Glossary of Management Terms apk 1.0 for Android. terminology primer: Basic principles and a glossary for the wildland fire management community. tariffs: taxes placed on imports and/or exports in response to a political event. Management. demographics: measurements of various characteristics of the people and social groups who make up a society. Capacity building: A term sometimes used in knowledge management to describe the process of enhancing an organization’s ability to implement knowledge management principles and practices. 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