10 Significant Concepts In Management Everyone Should Know



Management is all about organizing, planning, controlling, and directing the activities of a business in order to achieve defined objectives. Making an organization successful requires, above all, clear thinking. There are dozens of management concepts out of which we have selected today 10 basic concept that will be helpful for management beginners to understand in easy and simple language. If you have missed out to check day 7 management concepts, you can read it here.

Here we present 10 Significant Concepts In Management Everyone Should Know:

  1. Foreman – person in charge of production (generally chosen on experience)
  2. Fructify – bear results
  3. Functional authority – authority restricted to particular function
  4. Gauges – measuring tools
  5. General management – management devoid of any specialization
  6. Globalization – thinking world as one and removing barriers within nations in free flow of business
  7. Goals – achievable targets (more useful for practical implementation)
  8. Greenfield – new, remaining fresh
  9. Groupware – software that can be used interactively by a group
  10. Guarantee – to serve goods sold for a fixed period

Like it? Share with your friends!

BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments:

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Upload your own images to make custom memes
Youtube and Vimeo Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format