Outline of business management

See also: Index of management articles

The following outline is provided as an overview of and topical guide to business management:

Business management – management of a business – includes all aspects of overseeing and supervising business operations. Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.

For the general outline of management, see Outline of management.

Overview

• Business administration – Administration of a commercial enterprise
• Business – Organization engaged in commerce or industry
• Corporate finance – Framework for corporate funding, capital structure, and investments
• Entrepreneurship – Taking financial risks in the hope of profit
• Outline of business – Overview of and topical guide to business
• Social entrepreneurship – Approach to develop, fund and implement solutions to social or environmental issues

Types of organizations

Organization – Social entity established to meet needs or pursue goals

• Company – Association or collection of individuals
  • Corporation – Legal entity incorporated through a legislative or registration process
    • Nonprofit corporation – legal entity incorporated for purposes other than generating profitsPages displaying wikidata descriptions as a fallback
• Co-operative – Autonomous association of persons or organizationsPages displaying short descriptions of redirect targets – Autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise
• Government – System or group governing an organized community
• Nonprofit organization – Organization operated for a collective benefit
  • Nonprofit corporation – legal entity incorporated for purposes other than generating profitsPages displaying wikidata descriptions as a fallback

Areas of management application

Management application can be used by a person or a group of people and by a company or a group of companies depending upon the type of management skills being used. Management can be applied to every aspect of activity of a person or an organization:

Self-management skills

Self-governance is the act of conducting oneself to get things done.^[1] Effective management of oneself is a natural prerequisite of effective management.^[2] Personal skills related to business activity include:

• Managerial effectiveness – Capability of producing the desired resultPages displaying short descriptions of redirect targets – getting the right things done. Peter Drucker reminds us that "effectiveness can and must be learned".^[3]
• Self-control – in the general sense, controlling one's own actions and states
  • Attention management – Study of directing and maintaining human attention
  • Stress management – Techniques and therapies to manage stress
  • Task management – Process of managing a task through its life cycle
  • Time management – Planning time spent on specific activities
• Self-employment – State of working for oneself
• Personal resource management
  • Personal information management – Tools and systems for managing one's own data
  • Personal knowledge management – Process by which a person manages knowledge
  • Personal finance – Budgeting and expenses

General organization management skills

• Agile management – Type of project management
• Asset management – Systematic method of maintaining assets
• Business administration – Administration of a commercial enterprise
• Change management – Management discipline studying human transformational processes within organizations is a field of management focused on organizational changes. It aims to ensure that methods and procedures are used for efficient and prompt handling of all changes to controlled IT infrastructure, to minimize the number and impact of any related incidents upon service.
• Conflict management – Process of limiting the negative aspects of conflict while increasing its positive aspects
• Conflict resolution – Methods and processes involved in facilitating the peaceful ending of conflict and retribution
• Constraint management – Management paradigmPages displaying short descriptions of redirect targets
  • Theory of constraints – Management paradigm
  • Focused improvement – theory of constraints is an ensemble of activities aimed at elevating the performance of any system, especially a business system, with respect to its goal by eliminating its constraints one by one and by not working on non-constraintsPages displaying wikidata descriptions as a fallback
  • Donella Meadows' twelve leverage points to intervene in a system – Systems Dynamics conceptPages displaying short descriptions of redirect targets
• Corporate governance – Mechanisms, processes and relations by which corporations are controlled and operated
• Cost accounting – Procedures to optimize practices in cost efficient ways
• Crisis management – Process by which an organization deals with a harmful emergency
• Critical management studies (CMS) – Left wing approach to management, business and organization
• Customer relationship management – Process of managing interactions with customers
• Data management – Disciplines related to managing data as a resource
• Design management – Field of inquiry in business
• Earned value management – Project management technique
• Human interaction management – Business management disciplinePages displaying short descriptions of redirect targets
• Integration management
• Interim management – Temporary business management resources
• Knowledge management – Process of creating, sharing, using and managing the knowledge and information of an organization
• Logistics – Management of the flow of resources
• Operations management – In business operations, controlling the process of production of goods
• Organization development – Study and implementation of practices, systems, and techniques that affect organizational change
• Perception management – Influence tactic
• Planning – Regarding the activities required to achieve a desired goal
• Business process management – Business management discipline – Ensemble of activities of planning and monitoring the performance of a process, especially in the sense of business process, often confused with reengineering
• Program management – Process of managing several related projects
• Project management – Practice of leading the work of a team to achieve goals and criteria at a specified time
  • Outline of project management – Overview of and topical guide to project management
• Quality management – Business process to aid consistent product fitness
• Requirements management – process of documenting, analyzing, tracing, prioritizing and agreeing onPages displaying wikidata descriptions as a fallback
• Resource management – Efficient and effective deployment of an organization's resources when they are needed
• Risk management – Identification, evaluation and control of risks management specialism aiming to reduce different risks related to a preselected domain to the level accepted by society. It may include numerous types of threats caused by environment, technology, humans, organizations, and politics.
• Security management – identification of an organization's assets and potential risks, followed by the development, documentation, and implementation of policies and procedures for protecting these assetsPages displaying wikidata descriptions as a fallback
• Skills management – Developing the skills employees need
• Spend analysis – four drivers of globalizationPages displaying wikidata descriptions as a fallback
• Strategic management – Planning for a company's responses to external issues
• Strategic planning – Organizational decision making process
• Systems management – Enterprise-wide administration of distributed systems including computer systems
• Management science (MS) – Study of problem-solving in human organizations, The discipline of using mathematical modeling and other analytical methods, to help make better business management decisions.
• Nonlinear management (NLM) – Superset of management techniques and strategies that allows order to emerge by giving organizations the space to self-organize, evolve and adapt, encompassing Agile, Evolutionary and Lean approaches, as well as many others
• Operations management – In business operations, controlling the process of production of goods – Area of business that is concerned with the production of good quality goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. It is the management of resources, the distribution of goods and services to customers, and the analysis of queue systems.
• Scientific management – Theory of management Theory of management that analyzes and synthesizes workflow processes, improving labor productivity.

Department management

• Accounting management – Field of business administration, part of the internal accounting system of a companyPages displaying short descriptions of redirect targets
• Communications management – System of communication in an organization
• Engineering management – Overview of management in engineering
• Enterprise content management – Implementation of information technology management
• Financial management
  • Capital management – The management of capital assets and investments
  • Managerial finance – part of the economic and business process is divided into investment, financing and risk managementPages displaying wikidata descriptions as a fallback
  • Outline of finance – Overview of finance and finance-related topics
• Human resource management – Approach to the effective management of people in a company
• Information technology management
• Enterprise legal management – Field of business administration on legal issues
• Marketing management – Practical application of marketing in organizations
• Procurement – Acquisition of goods and services
• Product management – Organizational role in companies
• Records management – Management of the information and records of an organization
• Supply chain management – Management of the flow of goods and services

Field- or organization-specific management

• Association management
• Community management – the management of a common resource or issue by a communityPages displaying wikidata descriptions as a fallback
• Educational management – Administration of education systems
• Facility management – Interdisciplinary field
• Investment management – Professional asset management of securities for the benefit of investors
• Land management – Processes of managing land
• Public administration – Academic discipline; implementation or management of policy
• Restaurant management – The profession of managing a restaurant
• Talent management – Person or company that guides the career of an artist

Business strategy

Strategic management – Planning for a company's responses to external issues

• Structure – Way in which an organization is structured
• Strategy – Plan to achieve goals in uncertainty
• System – Interrelated entities that form a whole

Business analysis

Business analysis – set of tasks, knowledge, and techniques required to identify business needs and determine solutions to business problems. Solutions often include a systems development component, but may also consist of process improvement or organizational change.

• Competitor analysis – A corporate strategy

Goal setting

Goal setting – involves establishing specific, measurable and time targeted objectives

• Goal – or objective consists of a projected state of affairs which a person or a system plans or intends to achieve or bring about – a personal or organizational desired end-point in some sort of assumed development. Many people endeavor to reach goals within a finite time by setting deadlines.
  • Examples of business objectives
    • Competitive advantage – Business concept that an organization outperforms competition in some regard
      • Sustainable competitive advantage

Planning

Planning – in organizations and public policy is both the organizational process of creating and maintaining a plan; and the psychological process of thinking about the activities required to create a desired goal on some scale.

• Scheduling – Planning of tasks and events
  • Critical path method – Algorithm for scheduling a set of project activities
  • PERT –
• Strategic planning – Organizational decision making process
  • Business plan – Formal written document containing the goals of a business
    • Business process – Systematic collection of tasks within a business
    • Business Process Modeling – (BPM) Activity of representing processes of an enterprise, so that the current ("as is") process may be analyzed and improved in future ("to be")

Approaches

• Centralisation – Planning and decision making by a single authority
• Decentralization – Planning and decision making by various local authorities
• Developer relations
• Management by objectives
• Six Sigma – Business management strategy, originally developed by Motorola, that today enjoys widespread application in many sectors of industry
• Viable Systems Model

Feedback

• Financial statement – Formal record of the financial activities and position of a business, person, or other entity

Mistakes

• Analysis paralysis – Overthinking causes

Concepts

• Balanced scorecard –
• Benchmarking –
• Board of directors –
• Business –
• Business intelligence –
• Business model – a profit-producing system that has an important degree of independence from the other systems within an enterprise.
• Business operations – are those ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders. They are contrasted with project management, and consist of business processes.
• Business process – is a collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers. There are three types of business processes: Management processes, Operational processes, and Supporting processes.
• Case study – is a research method which involves an in-depth, longitudinal examination of a single instance or event: a case. They provide a systematic way of looking at events, collecting data, analyzing information, and reporting the results.
• Change control – the procedures used to ensure that changes (normally, but not necessarily, to IT systems) are introduced in a controlled and coordinated manner. Change control is a major aspect of the broader discipline of change management.
• Corporate image –
• Corporate structure
• Corporate title
• Costs – in economics, business, and accounting are the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost.
• Critical success factor –
• Cross ownership –
• Cultural intelligence –
• Deliverable – contractually required work product, produced and delivered to a required state. A deliverable may be a document, hardware, software or other tangible product.
• Enterprise modeling – is the process of understanding an enterprise business and improving its performance through creation of enterprise models. This includes the modelling of the relevant business domain (usually relatively stable), business processes (usually more volatile), and Information technology
• Environmental scanning –
• Focused improvement – in Theory of Constraints is the ensemble of activities aimed at elevating the performance of any system, especially a business system, with respect to its goal by eliminating its constraints one by one and by not working on non-constraints.
• Fordism – named after Henry Ford, refers to various social theories. It has varying but related meanings in different fields, and for Marxist and non-Marxist scholars.
• Futures studies –
• Industrial espionage
• Industry or market research
• Innovation –
• Leadership –
• Lean manufacturing – or lean production, which is often known simply as "Lean", is the practice of a theory of production that considers the expenditure of resources for any means other than the creation of value for the presumed customer to be wasteful, and thus a target for elimination.
• Level of Effort – (LOE) is qualified as a support type activity which does not lend itself to measurement of a discrete accomplishment. Examples of such an activity may be project budget accounting, customer liaison, etc.
• Manufacturing –
• Marketing research –
• Middle management –
• Motivation – is the set of reasons that determines one to engage in a particular behavior.
• Operations research – (OR) interdisciplinary branch of applied mathematics and formal science that uses methods such as mathematical modeling, statistics, and algorithms to arrive at optimal or near optimal solutions to complex problems.
• Operations, see Business operations
• Organization development – (OD) planned, structured, organization-wide effort to increase the organization's effectiveness and health.
• Organization – social arrangement which pursues collective goals, which controls its own performance, and which has a boundary separating it from its environment.
• Poison pill –
• Portfolio – in finance is an appropriate mix of or collection of investments held by an institution or a private individual.
• Process architecture – structural design of general process systems and applies to fields such as computers (software, hardware, networks, etc.), business processes (enterprise architecture, policy and procedures, logistics, project management, etc.), and any other process system of varying degrees of complexity.
• Profit –
• Proport – combination of the unique skills of an organisation's members for collective advantage.
• Quality – can mean a high degree of excellence ("a quality product"), a degree of excellence or the lack of it ("work of average quality"), or a property of something ("the addictive quality of alcohol").[1] Distinct from the vernacular, the subject of this article is the business interpretation of quality.
• Quality, Cost, Delivery (QCD) as used in lean manufacturing, measures a businesses activity and develops Key performance indicators. QCD analysis often forms a part of continuous improvement programs
• Reengineering – radical redesign of an organization's processes, especially its business processes. Rather than organizing a firm into functional specialties (like production, accounting, marketing, etc.) and considering the tasks that each function performs; complete processes from materials acquisition, to production, to marketing and distribution should be considered. The firm should be re-engineered into a series of processes.
• Reverse engineering –
• Risk – is the precise probability of specific eventualities.
• Senior management –
• Shareholder value –
• Strategic sustainable investing – is an investment strategy that rewards companies that are moving society towards sustainability.
• Systems Development Life Cycle – (SDLC) is any logical process used by a systems analyst to develop an information system, including requirements, validation, training, and user ownership. An SDLC should result in a high quality system that meets or exceeds customer expectations, within time and cost estimates, works effectively and efficiently in the current and planned Information Technology infrastructure, and is cheap to maintain and cost-effective to enhance.^[4]
• Systems engineering – is an interdisciplinary field of engineering that focuses on how complex engineering projects should be designed and managed.
• Task analysis – is the analysis or a breakdown of exactly how a task is accomplished, such as what sub-tasks are required
• Timeline – is a graphical representation of a chronological sequence of events, also referred to as a chronology. It can also mean a schedule of activities, such as a timetable.
• Value engineering – (VE) is a systematic method to improve the "value" of goods and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements.^[5]
• Wideband Delphi – is a consensus-based estimation technique for estimating effort.

Business management education

Business education – Teaching the skills and operations of the business industry – teaching students the fundamentals, theories, and processes of business.

• Business school – University-level institution teaching business administration – university-level institution that confers degrees in business administration or management. Such a school can also be known as "school of management", "school of business administration", or, colloquially, "b-school" or "biz school".
  • List of business schools – University-level institution teaching business administrationPages displaying short descriptions of redirect targets
• Entrepreneurship education – type of educationPages displaying wikidata descriptions as a fallback
• Executive education – Academic programs at graduate-level business schools
• Managerial academic degrees
  • Undergraduate-level degrees
    • Bachelor of Business Administration – Academic degree
    • Bachelor of Commerce – Undergraduate degree in business
    • Bachelor of Business – academic degreePages displaying wikidata descriptions as a fallback
    • Bachelor of Business Science – academic degreePages displaying wikidata descriptions as a fallback
  • Graduate-level degrees
    • Master of Business Administration – Master's degree in business leadership
    • Master of Business and Management – Postgraduate business degree
    • Master of Business – College degree
    • Master of Commerce – Postgraduate master's degree focusing on commerce, accounts and economics-related subjects
    • Master of International Business – master's degreePages displaying wikidata descriptions as a fallback
    • Master of Management – Master's degree awarded for post-graduate study in business management
    • Master of Engineering Management
    • Master of Enterprise
    • Master of Finance – graduate degree with a major in financePages displaying wikidata descriptions as a fallback
    • Master of Nonprofit Organizations – academic disciplinePages displaying wikidata descriptions as a fallback
    • Master of Health Administration – academic degreePages displaying wikidata descriptions as a fallback
    • Master of Science in Project Management – Type of graduate degree
    • Master of Public Administration – Professional post-graduate degree in Public Administration – equivalent to an MBA, but for the public sector.
    • Master of Science in Management – Post-graduate degree
    • Professional Science Master's Degree
    • Sustainable MBA
  • Doctoral-level degrees
    • Doctor of Business Administration (DBA) – Doctorate of Business Administration
    • Doctor of Commerce (D.Com) – doctoratePages displaying wikidata descriptions as a fallbackPages displaying short descriptions with no spaces
    • Doctor of Health Administration (D.H.A.) – doctoral degreePages displaying wikidata descriptions as a fallback
    • Doctor of Management (D.M., D.Mgt) – Professional doctorate in management
    • Doctor of Public Administration (DPA) – Terminal applied-research doctoral degree
    • PhD in management (PhD) – Doctor of Philosophy, PhD
    • PhD-MBA – Double degree (double degree)

People in business management

Management positions

• Business executive – Person responsible for running a business, or an aspect of it – person responsible for running an organization
  • Executive director – Chief executive officer (CEO) or managing director of an organization, company, or corporation senior manager of an organization, company, or corporation
  • Executive officer – Officer who leads an organization; typically second to a commanding officer in militaries high-ranking member of a corporation body, government or military
  • Music executive – Person making executive decisions over artists of a record label person within a record label who works in senior management. Also known as a record executive.
  • Studio executive – Employee of a film studio or corporation doing business in the entertainment industry
  • Executive producer – ProfessionPages displaying short descriptions with no spaces
• Business manager – person who manages the business affairs of an individual, institution, organization, or companyPages displaying wikidata descriptions as a fallback
  • Store manager – Person responsible for the day-to-day operations of a retail store
  • Senior management – Individuals at the highest level of organizational management
    • Chief executive officer (CEO) – Highest-ranking officer of an organization
    • Chief financial officer (CFO) – Person in a company or organization responsible for finances
    • Chief marketing officer (CMO) – Highest ranking executive-level position focusing on marketing
    • Chief security officer (CSO) – organization's most senior executive accountablePages displaying wikidata descriptions as a fallback
    • Chief information officer (CIO) – Information technology executive
    • General counsel – Chief lawyer of a legal department
    • Chief operating officer (COO) – Executive position
    • Chief procurement officer (CPO) – Highest level executive in charge of acquiring goods and services at a company
    • Chief revenue officer (CRO) – Corporate executive title
    • Chief technology officer (CTO) – Officer in charge of technical operations
    • Chief visionary officer (CVO) – Executive function in a company
    • Chief human resources officer (CHRO) – Corporate title
    • Chief learning officer (CLO) – corporate titlePages displaying wikidata descriptions as a fallback

Persons influential in business management

• Pioneers of management methods
  • Jack Welch – American businessman (1935–2020), implemented six sigma throughout General Electric, leading to its widespread adoption throughout industry.
  • Stafford Beer – British management consultant and cyberneticist, introduced management cybernetics to British steel industry and was responsible for the first use of computers in management.
• Business theorists
  • C. West Churchman – American philosopher and systems scientist
  • Peter Drucker – American business consultant and author (1909-2005)
  • Tom Peters – Shared lessons learned from Management By Wandering Around (MBWA)

See also

• Archive
• Outline of economics
• Outline of marketing – Overview of and topical guide to marketing
• Outline of production – Overview of and topical guide to production
• List of accounting topics
• List of business law topics
• What to manage:
  • Culture – Social behavior and norms of a society
  • Business – Organization engaged in commerce or industry
  • Economy – Area of production, distribution, trade of, and consumption of goods and services
  • Politics – Activities associated with group decisions
  • Science – Systematic endeavour to gain knowledge
  • Society – Connected group of individuals
  • Technology – Use of knowledge for practical goals
• Academy of Management Journal
• Anthony triangle
• Data management – Disciplines related to managing data as a resource
• Human relations movement – Movement based on human relations
• Indian Ethos in Management
• Industrial and organizational psychology – Branch of psychology
• Leadership (journal)
• Management styles – Methods of maintaining order in a work environmentPages displaying short descriptions of redirect targets
• Performance management – Processes to bring output into alignment with goalsPages displaying short descriptions of redirect targets
• Project management – Practice of leading the work of a team to achieve goals and criteria at a specified time
• Strategic planning – Organizational decision making process
• Technology management – set of management disciplines that allows organizations to manage their technological fundamentals to create competitive advantagePages displaying wikidata descriptions as a fallback
• Team effectiveness – A team's ability to accomplish their goals or objectives
• Total quality management – Approach to business improvement
• Self-management – Form of organizational management
• Administration (law) – Rescue mechanism for insolvent entities (for administration of an insolvent)
• Board of directors – Type of governing body for an organisation
• Central administration – the leading or presiding body or group of people, the highest administrative department which oversees all lower departments of an organizationPages displaying wikidata descriptions as a fallback
• Chairman – Leading or presiding officer of an organized groupPages displaying short descriptions of redirect targets
• Charitable organization – Nonprofit organization with charitable purpose
• Chief executive officer – Highest-ranking officer of an organization
• Chief administrative officer – Corporate title
• Fundraising – Process of gathering donations
• Human resources – Organization's workforce
• Nonprofit organization – Organization operated for a collective benefit
• Private sector – Economic sector not under state control
• Public administration – Academic discipline; implementation or management of policy
• Public sector – Public part of the economy
• White-collar worker – Social class; person who performs intellectual labor

References

1. Drucker, Peter (March–April 1999). "Managing Oneself". Harvard Business Review.
2. Power, Rhett (September 3, 2014). "Manage yourself first, then you can effectively manage others". Inc. Retrieved July 9, 2017. If you can't manage your own life, how can you expect to manage other people?
3. Peter F. Drucker (2006). The Effective Executive: The Definitive Guide to Getting the Right Things Done. New York: Collins.
4. "Systems Development Life Cycle". In: Foldoc(2000-12-24)
5. Value Methodology Standard Archived 2009-03-19 at the Wayback Machine

• Wing, Y, Hsing, M & Chen L (2008).Research on Business Strategy and Performance Evaluation in Collaborative Design. International Journal of Electronic Business Management. 6(2), 57–69.

External links