management
/ˈmænɪdʒmənt/ nounDefinition
› [U] MANAGEMENT, WORKPLACE the activity or job of being in charge of a company, organization, department, or team of employees: Environmental concerns are being integrated more and more into business management. He leaves the day-to-day management of the company to his daughter. corporate/centralized/strategic managementmanagement style/technique/strategy A top-down management style can make decision-making slow and inflexible.management framework/structure We shall be implementing a new management structure in order to deal with the changed sales environment.good/bad/poor management Good management and creative advertising have seen profit margins double to 19%.
› [S or U] MANAGEMENT, WORKPLACE the group of people who control a company or organization: An extraordinary general meeting has been called to try to force the company's management to reconsider the financial restructuring proposals. Management is projecting earnings growth of at least 20% a year for the next three to five years. Changes within society have further emphasized the idea of collaboration between management and employees. Our management team prides itself on taking calculated, prudent risks. The CEO will learn today whether he is to be sacked as part of a management shake-up.
› [U] the activity of controlling something, or of using or dealing with something in a way that is effective: The management of our funds is entrusted to skilled professionals. The choice and management of resources are essential to the success of any company. They offered all their employees a course on stress management.
→ See also asset management, assets under management, brand management, cash management, category management, change management, complaints management, crisis management, customer management, customer relationship management, database management, debt management, digital rights management, disaster management, event management, facilities management, fleet management, human resource management, information management, interim management, international management, investment management, issues management, junior management, key account management, knowledge management, line management, marketing resource management, middle management, money management, open book management, operations management, order management, participative management, performance management, portfolio management, product life cycle management, product management, project management, property management, quality management, real estate management, retail management, risk management, senior management, stock control management, strategic human resource management, supply chain management, supply chain event management, time management, top management, total quality management, treasury management, turnaround management, wealth management (Definition of management noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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