Strategic management is the process of planning, monitoring, analysis, and assessment of all necessities an organization needs to meet its aims and objectives.
Risk management is the process of identifying, evaluating, and prioritizing risks followed by integrated and economical application of resources to reduce, observe, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
Demand forecasting is the systematic process to evaluate future demand for a specific product. Simply put, it allows you to examine the sales scientifically over upcoming weeks, months and years, so that you know exactly how much stock to order and hold at any given time period.
Change management is the systematic approach which deals with the transition or transformation of different organisational objectives, processes, core values, or technologies.
In the last few decades, resource management has become a very crucial part of modern business structure. This area is quite a bit mature. An array of novel ideas has been introduced ever since it started growing. Resource management has appeared as an independent discipline after organizations became complex with matrix structure and extended in multiple geographies.
What is the major difference between leadership and management? While many of you may think that manager is also a leader so, these two terms mean the same thing, but actually not. The terms “management” and “leadership” are often used interchangeably.
Management skills are the abilities that a manager or leader should have. Management skills can be defined as a certain concept or abilities that an administrator should possess to fulfil specific tasks in an organization.
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.
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.
