WManagement is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources.
WFayolism was a theory of management that analyzed and synthesized the role of management in organizations, developed around 1900 by the French manager and management theorist Henri Fayol (1841–1925). It was through Fayol's work as a philosopher of administration that he contributed most widely to the theory and practice of organizational management.
WThe Full Range of Leadership Model (FRLM) is a general leadership theory focusing on the behavior of leaders towards the workforce in different work situations. The FRLM relates transactional and transformational leadership styles with laissez-faire leadership style.
WA goal is an idea of the future or desired result that a person or a group of people envision, plan and commit to achieve. People endeavour to reach goals within a finite time by setting deadlines.
WManagerial finance is the branch of finance that concerns itself with the managerial application of finance techniques and theory, emphasizing the financial aspects of managerial decisions. The techniques addressed are drawn in the main from managerial accounting and corporate finance; the former allow management to better understand, and hence act on, financial information relating to profitability and performance; the latter are about optimizing the overall financial-structure.
WManagerialism involves belief in the value of professional managers and of the concepts and methods they use. Contemporary writers on management such as Thomas Diefenbach associate managerialism with hierarchy. But scholars have also linked managerialism to control, to accountability and measurement, and to an ideologically determined belief in the importance of tightly-managed organizations, as opposed to individuals or to groups that do not resemble an organization.
WMushroom management, also known as pseudo-analysis or blind development, is the management of a company where the communication channels between the managers and the employees do not work effectively, and where employees are 'kept in the dark' by management in regards to business decisions that affect their work and employment. The term 'mushroom management' alludes to the stereotypical view of mushroom cultivation: kept in the dark and fed bullshit.
WSocial entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.
WOtto Lucien Anton "Tony" Spaeth', Jr. February 6, 1934 - January 13, 2021 – born in Saint Louis, Missouri – was a corporate identity planner, consultant, critic and teacher. His work developed the premise that institutional branding systems are best understood as tools of leadership – tools to establish directional clarity, motivate performance, and affect structural change as well as to revitalize market presence:"In preparing an imaginary consulting proposal, the author provides a practical, comprehensive overview of two major groups of identity issues: content - making sure the program is right; and execution - making sure the program is working. It is a thorough primer rich with examples and commentary on the nuances of decision making."
WIn management, a stakeholder approach is the practice that managers formulate and implement processes that satisfy stakeholders' needs to ensure long-term success. According to the degree of participation of the different groups, the company can take advantage of market imperfections to create valuable opportunities. It emphasizes active management of the business environment, relationships and the promotion of shared interests. This approach is based on stakeholder theory, which arises as a counterpart to business practices and management that focus on shareholders satisfaction. This approach particularly emphasizes stakeholder's involvement, which focuses on saving the business from all circumstances – whether they are controllable or uncontrollable. The implementation of this approach can reinforce the firm values and create competitive advantage. However, it has been criticized for overvaluing stakeholders and its difficulty to reach consensus.
WSuccess is the state or condition of meeting a defined range of expectations. It may be viewed as the opposite of failure. The criteria for success depend on context, and may be relative to a particular observer or belief system. One person might consider a success what another person considers a failure, particularly in cases of direct competition or a zero-sum game. Similarly, the degree of success or failure in a situation may be differently viewed by distinct observers or participants, such that a situation that one considers to be a success, another might consider to be a failure, a qualified success or a neutral situation. For example, a film that is a commercial failure or even a box-office bomb can go on to receive a cult following, with the initial lack of commercial success even lending a cachet of subcultural coolness.
WTechnostructure is the group of technicians, analysts within an organisation with considerable influence and control on its economy. The term was coined by the economist John Kenneth Galbraith in The New Industrial State (1967). It usually refers to managerial capitalism where the managers and other company leading administrators, scientists, or lawyers retain more power and influence than the shareholders in the decisional and directional process.