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The need to manage business by balancing a variety of needs and goals, rather than subordinating an institution to a single value. [49] [50] This concept of management by objectives and self-control forms the keynote of his 1954 landmark The Practice of Management. [51] A company's primary responsibility is to serve its customers.
Strategic management tools. In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates.
In one definition of the field, "Behavioral strategy merges cognitive and social psychology with strategic management theory and practice. Behavioral strategy aims to bring realistic assumptions about human cognition, emotions, and social behavior to the strategic management of organizations and, thereby, to enrich strategy theory, empirical ...
As with other evidence-based practice, this is based on the three principles of published peer-reviewed (often in management or social science journals) research evidence that bears on whether and why a particular management practice works; judgment and experience from contextual management practice, to understand the organization and ...
Management by objectives (MBO), also known as management by planning (MBP), was first popularized by Peter Drucker in his 1954 book The Practice of Management. [1] Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding how to achieve each objective in sequence.
The principles and practice of management. Addison-Wesley Longman Ltd, 1975. Brech, Edward Franz Leopold, The concept and gestation of Britain's central management institute, 1902–1976. Thoemmes, 2002. Brech, Edward Franz Leopold, The Evolution of Modern Management in Britain 1832–1979, 2002. Edward Brech, Andrew Thomson, and John F. Wilson.
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Affective Commitment is defined as the employee's positive emotional attachment to the organization. Meyer and Allen pegged AC as the "desire" component of organizational commitment. An employee who is affectively committed strongly identifies with the goals of the organization and desires to remain a part of the organization.