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

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Racially charged events spark classroom intervention

As we approach Juneteenth, a day marked each year to commemorate the emancipation of enslaved African Americans, new research in the INFORMS journal Management Science finds that racially-charged events and protests over ...

Understanding what determines the benefits of bribery

Researchers in Hong Kong and the UK have found that a $1 investment in bribery returns $6–9 in terms of company value, with more money paid to an authority resulting in greater benefits. However, those benefits decrease ...

Supporting both political parties can help companies reduce risk

U.S. companies that balance their political connections across party lines in a polarized partisan environment are in a position to see less volatility in their stock prices and profits, according to a University of Oregon-led ...

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