Category: M
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Managerial obsolescence
A case in which a manager is no longer considered to be up-to-date.
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Management science approach to management
The use of the scientific method and quantitative techniques to increase the level of attainment of organizational goals.
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Management-rights clause
A section of the labor- management contract that gives management a list of specific rights or general freedom to act on matters not specifically excluded by the contract.
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Management responsibility guide
A document available to all employees clarifying the role and responsibilities of the various managers within an organization.
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Management inventory
An accounting of the strengths and weaknesses of the employees of an organization, including titles, age, length of service, development needs, etc.
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Management information system
A network, be it electronic or person to person, within an organization designed to provide managers and other employees with information to enhance the functioning of an organization. A system (frequently automated or computer based) which produces the necessary information in proper form and at appropriate intervals for the management of a program or other…
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Management functons
The planning, organizing, evaluating, and allocating resources within an organization management.
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Management development
The process of enhancing the qualifications of individuals on staff for current and future employment opportunities.
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Management by objectives (MBO)
A system of management based on the establishment of specific actions to be carried out or end results to be achieved includes information regarding the resources and time periods necessary to carry out the tasks as well as the identity of those responsible for implementation.
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Management by exception
A system of managerial control in which only significant deviations from the goals and objectives of the organization are brought to the manager’s attention.