The following outline is provided as an overview of and topical guide to business management:
Business management – management of a business. Business management rule #1 is delegation, assign the best qualified people to each position and trust your staff to do the work instead of trying to do everything yourself. It 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.
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
- Co-operative – Autonomous association of persons or organizations – 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 of people governing an organized community, often a state
- Nonprofit organization – Organization operated for a collective benefit
Areas of management application
Management application can be utilised 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-governance is the act of conducting oneself to get things done. Effective management of oneself is a natural prerequisite of effective management. Personal skills related to business activity include:
- Managerial effectiveness – Capability of producing the desired result – getting the right things done. Peter Drucker reminds us that "effectiveness can and must be learned".
- Self-control – in the general sense, controlling one's own actions and states
- Attention management – models and tools for supporting the management of attention at the individual or at the collective level (cf. attention economy), and at the short-term (quasi real time) or at a longer term (over periods of weeks or months)
- Stress management – Spectrum of techniques and psychotherapies
- Task management – Process of managing a task through its life cycle
- Time management – Process of planning and exercising conscious control of time spent on specific activities
- Self-employment – State of working for oneself rather than an employer
- Personal resource management
General organization management skills
- Agile management
- Asset management – Systematic method of maintaining assets
- 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, in order 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 paradigm
- 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 discipline
- Integration management
- Interim management – temporary provision of management resources and skills
- 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
- Quality management – Business process to aid consistent product fitness
- Requirements management
- 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.
- Skills management – Developing the skills employees need
- Spend analysis – four drivers of globalization
- 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.
Field- or organization-specific management
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 – 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 – For an organization to favourably operate in its industry , there is to unravel the activities of its competitors and their competitive strategies in order to create a sustainable competitive advantage to widen the market share. Afolayan,M (2020).
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
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
- 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")
- Financial statement – Formal record of the financial activities and position of a business, person, or other entity
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 granting degrees in 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".
- Entrepreneurship education – type of education
- Executive education – Academic programs at graduate-level business schools
- Managerial academic degrees
- Undergraduate-level degrees
- Graduate-level degrees
- Doctoral-level degrees