management

Vocabulary Word

Definition

Management is the process of directing and controlling a group or resources to achieve goals. It can get likened to a movie director guiding the actors and crew to create a successful film.

Examples in Different Contexts

Within human resources, 'management' pertains to handling organizational personnel, focusing on policies, employee relations, and performance management. An HR manager might state, 'Our management strategy prioritizes employee development and satisfaction to drive company success.'

Practice Scenarios

Tech

Scenario:

Our server’s been continuously overloaded. Perhaps it's time we considered upgrading our cloud storage or shifting some applications off the server.

Response:

Probably, but effective management of our cloud resources might also relieve some strain from our server.

Business

Scenario:

Our profitability has been decreasing for the last three quarters, we certainly need to reassess how we're leveraging our resources.

Response:

I agree, but perhaps better management of our supply chain could also boost our profits.