We explain what it means to manage and what areas it covers in the business world. In addition, we tell you what good management looks like.
What is management?
Manage means take charge of the administration of a project, business or initiative that is, taking care of the maintenance and satisfaction of its needs and objectives, guaranteeing the continuity of its operation and overcoming challenging or problematic situations that may arise. In many ways, it is a synonym for “manage” and, in the business context, it is often called ““management” (from English to manage“manage”).
The verb “manage” and the noun “management” come from the Latin verb gerere (“do”, “carry out”) and are concepts that are very popular within the business and administrative world. In fact, currently We talk about business management or administrative management to refer to leading an organization towards its objectives established, often distinguished from business leadership, understood as the establishment of new initiatives, and entrepreneurship.
In business terms, management It consists of different organizational elements, such as planning, direction and control raised at three different levels:
- The superior, which concerns the management and strategic direction of the organization.
- The medium, which deals with local leadership and coordination of the different branches of the initiative.
- The lower one, dedicated to team leadership and work supervision.
In all these cases, management is part of the daily and regular maintenance processes, and is essential to guarantee the continuity and effectiveness of the work.
So, Good management will be one that guarantees the different levels of the organization the necessary resources to continue operating and achieve your pre-established goals. On the contrary, poor management will be one that introduces chaos into the functioning of the organization, either through the lack or abuse of resources.
They are synonymous with the term manage: “administer”, “conduct”, “govern”, “manage”, “coordinate”, “diligence” or “manage”.
Continue with: Management in administration
References
- “Management” on Wikipedia.
- “Etymology of Management” in the Online Spanish Etymological Dictionary.
- “Manage” in the Language Dictionary of the Royal Spanish Academy.
- “What is business management? Keys to management in 2022” in Santander Río.
