In the post-pandemic reality, organisations are rethinking work and hybrid working arrangements. Some leaders consider an adaptive bottom-up approach, letting individual teams figure out their own hybrid working policy. Others are implementing ironclad rules which ask at least some staff members to be in office so many days a week Read More
Business Management strategies are high-level plans developed by management to achieve organizational strategic goals. The process entails identifying the overall business direction, determining implementation policies and developing management plans. The process is dynamic and involves long-term initiatives that gain revenues and benefit the company. This step involves investigating the external Read More
As an event manager, you are probably not doing it alone. You will have an entire team of people that you will work with to ensure that the event goes smoothly. It is essential that you keep an eye on every detail, no matter how small. In addition, you should Read More
The strategic management process involves analyzing organisational capabilities and resources. It includes a SWOT analysis to assess an organisation’s strengths and weaknesses, as well as external forces and opportunities. The main goal of the SWOT analysis is to identify core competencies and establish an appropriate course of action. Once the Read More
The fundamental principles of Lean management are simple: create a continuous flow of value and eliminate waste. This means that you should analyze your process from start to finish, eliminating steps that do not create value for customers. When done right, Lean will produce products and services at the highest Read More
The study of management focuses on how an organisation can achieve its objectives by enhancing its productivity, efficiency and effectiveness. The goal of management is to utilize the factors of production efficiently and effectively to meet the organization’s goals. As such, it must be able to satisfy the needs of Read More
A management information system (MIS) is a way to keep track of business data and make better decisions. A company’s management decision making is greatly dependent on the quality of the data captured. For this reason, companies need to invest in sufficient devices for employees to input the data they Read More
People management is the practice of understanding, developing, and deploying people. A well-implemented skills management program will identify employees’ and job role-specific skills and match them to appropriate jobs. This helps you to build a cohesive organization that supports the needs of its employees. However, it is not enough to Read More
The field of business management encompasses many different sectors and specialties. This guide will help you distinguish between the different branches of the field. One of the most popular types of business management is financial management. It involves planning and analyzing financial activities. This type of management is highly relevant Read More
The five functions of business management are essential for the functioning of a company. These functions should be performed sequentially and interdependently. They do not take place in a predetermined order, but lead to one another. Although all five of the functions are important for a firm, they are not Read More
