Climate uncertainty colors flood risk assessment

Understanding how climate change will affect the flooding of rivers may become easier with a new framework for assessing flood risk that's been developed by an interdisciplinary team from Penn State.

New stress test model quantifies climate risks for banks

European banks will soon be required to incorporate climate change risks into the stress testing of their equity. Researchers at the Technical University of Munich (TUM) have now developed a new approach in cooperation with ...

Operational transparency increases trust, support of government

As multiple published reports indicate, trust in government has reached historic lows and frustration with government performance has reached record highs. New research in the journal Manufacturing & Service Operations Management ...

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Management

Management in all business and organizational activities 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.

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