Електронний багатомовний

термінологічний словник

Electronic Multilingual Terminological Dictionary


Economics

Management

The control and organization of something [Cambridge Dictionary].
Management is the coordination and administration of tasks to achieve a goal. Such administration activities include setting the organization’s strategy and coordinating the efforts of staff to accomplish these objectives through the application of available resources. Management can also refer to the seniority structure of staff members within an organization. To be an effective manager, you’ll need to develop skills, including planning, communication, organization, and leadership. You will also need extensive knowledge of the company’s goals and how to direct employees, sales, and other operations to accomplish them. A compelling leader spends a lot of time with their team members. Being engaged with employees allows the persuasive manager to lead by example and to gain buy-in and compliance from the team by persuading rather than instructing or demanding. Influential managers are aware of their team members' daily work and are involved in their work lives. Managers need to set targets or key performance indicators that the team aims for and then generate ways to measure whether their team is on track to meet those goals. Because it can be challenging to develop measurable ways of understanding performance, managers must often be creative and thoughtful. However, like the other management functions, measurement is critical to improving business performance [Indeed].

Sources:

Herrity, J. (2019). What Is Management? Definitions, Functions, and Styles. Indeed. Retrieved from: https://www.indeed.com/career-advice/career-development/what-is-management

Management. Cambridge Dictionary. Retrieved from: https://dictionary.cambridge.org/dictionary/english/management

Part of speech noun
Countable/uncountable countable
Type abstract
Gender neutral
Case nominative