Management style is a specific way manager go about executing their goals. Management style regards the way that a manager plans, handles, make decisions, designate, and manages their staff.
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Management may be defined as the art of work done through people, with the satisfaction of the employer, employees, and the public.
To do this, it is necessary to guide, direct, control human effort towards the fulfillment of the goal of the enterprise.
Customer relationship management (CRM) is a strategy that organizations use to manage interactions with customers and potential customers. CRM helps organizations streamline processes, build customer relationships, increase sales, improve customer service, and increase profitability.
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Relationship management refers to the strategies, practices, and activities employed to build and maintain strong and mutually beneficial relationships with customers, clients, partners, suppliers, and other stakeholders. It involves managing interactions, communications, and collaborations to nurture and enhance relationships for long-term success.
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A Management Information System (MIS) refers to a computer-based system that collects, processes, stores, and distribute information to support decision-making, coordination, control, analysis, and visualization within an organization. It is a crucial component of modern businesses and is designed to provide managers and other stakeholders with timely and relevant information for effective planning and decision-making.
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Knowledge management is the process of creating, sharing, using, and managing knowledge and information within an organization or community. It involves the development of strategies, tools, and techniques to identify, capture, store, and distribute knowledge assets, such as explicit and tacit knowledge, documents, and best practices.
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Strategic Human Resource Management (SHRM) is an approach to managing human resources that aligns HR practices and policies with the strategic objectives of an organization. In other words, it is the process of linking the HR function with the strategic goals and objectives of the organization.
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Accounts payable management is the process of managing a company’s accounts payable in an efficient and effective manner to ensure that the company’s short-term debts are paid on time and in full while maximizing cash flow and minimizing costs.
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Receivable management refers to the process of managing a company’s accounts receivable in order to ensure that payments are collected on time and the company’s cash flow is optimized.
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Cash flow management is the process of monitoring, analyzing, and optimizing the inflow and outflow of cash in a business or personal finance context. It involves managing the cash resources of an entity in a way that ensures the entity can meet its financial obligations in a timely manner, while also maximizing the use of available cash to generate revenue and grow the business.
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