Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management 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. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources and natural resources. Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to manage oneself, a pre-requisite to attempting to manage others. The verb manage comes from the Italian maneggiare (to handle, train, control horses), which in turn derives from the Latin manus (hand). The French word mesnagement (later ménagement) influenced the development in meaning of the English word management in the 15th and 16th centuries. Some definitions of management are: At first, one views management functionally, such as measuring quantity, adjusting plans, meeting
Outsmarting the airlines on price could get harder
Technology and competition have made it easier for consumers to capture deals on airline tickets with the right strategy.
Study shows banks that have good working relationships with their customers reduce loan defaults
You've probably seen advertising campaigns in which banks describe how much their customer relationships matter to them. While such messaging might have been cooked up at an ad agency, it turns out there ...
'Moral victories' might spare you from losing again
It's human nature to hate losing. Unfortunately, it's also human nature to overreact to a loss, potentially abandoning a solid strategy and thus increasing your chances of losing the next time around.
All-star pitchers will hate instant replay, according to new research
It's a historic year for Major League Baseball, as the organization introduces its expanded use of instant replay, allowing umpires to review home run calls, forced plays, foul balls and more. But the one decision still left ...
Technology marketers should take consumer life-cycle into account, study says
If you want grandpa to start using the bank machine instead of standing in line for the teller, the best way to do it is to tell him to "Act now!" with a limited time offer for a banking card, shows new research.
How businesses can maximize revenue when introducing new products
Companies should use existing brand names and add new, sub-brand names to maximize revenue when introducing new products to market, according to a new study from the University at Buffalo School of Management.
How the 'Matthew Effect' helps some scientific papers gain popularity
Do scientific papers written by well-known scholars get more attention than they otherwise would receive because of their authors' high profiles?
Targeted audiences and websites can help magazines whether the onslaught of online competition
There is a ray of hope for magazines that do it right.
Hang up or hold on? Study helps call centers know when patience is running out
Press "1" if you're tired of being on hold! Nobody likes to wait, but since customer service can't be packaged to sit on a shelf ready when we need it, everybody has to "get in line" for help from banks, credit card companies, ...
Box office success linked to blogging, study finds
Movie attendance peaks during the holiday season, and studios capitalize on this by releasing dozens of new titles between the end of November and the new year, with much of a movie's box office success predicted by opening ...
Craigslist costs US newspapers billions: study
The online classified service Craigslist has cost US newspapers at least $5 billion in revenue since 2000, researchers say.
Study details the quirky geography of knowledge-sharing
Scholars have long been interested in tracking "knowledge spillovers," the way technical and intellectual advances spread among communities of researchers and innovators. And a significant body of work has ...
Less is more when it comes to investment choices, says new study
The best investment portfolios are selected from the widest array of choices, right? Not so, says a new study authored by researchers at the University of Toronto's Rotman School of Management and the Bank of Canada. It says ...
Social ties help drive user content generation that leads to online ad revenue growth
A research study on online social networks reveals that networking sites can drive advertising revenue by encouraging the density of social ties, or boosting the level of friendship or social connections between users. According ...
When good service means bad behavior
Economists and professionals praise the merits of competition, as it leads to lower prices and improvements in quality. But in the automobile smog-testing industry, competition can lead to corruption and even public health ...