The four functions of management are planning, leading, organizing and controlling. Companies use various control mechanisms -- business plan, needs assessment, budgets, audits, pricing, ...

Operating a business often means you must make the most of limited resources. It also means that managers serve a critical role in realizing business success. Managers must wear many hats and possess ...

When I ask leaders and teams to concisely summarize their company’s management approach, the pause I get hangs in the air like a frisbee tossed on a windy day. No one seems to know which direction the ...

Business management helps a company function and achieve goals. Here's what you need to know about each of its eight main ...

Management accounting is a critical discipline that provides internal stakeholders with financial and operational insights to support strategic decision‐making and effective control. Traditionally ...

In my last article I pointed out possible downsides to consolidating control of original equipment manufacturer (OEM) purchasing into a corporate group. The message there wasn’t meant to be that ...