Advertisement
If you are a management student or a passout, it is always nice to be familiar with some of the “tricks of the trade” or best practices. Below, in 10 points, you’ll find important management concepts that one needs to know. If you missed checking day 6 management concepts, you can check it here.
Here we present 10 Vital Concepts That You Didn’t Knew Exist In Management:
- Ergonomic – designed for human convenience
- Ethos – value environment
- Expert systems – system used for dedicated application
- Extended organization – activities not under the same management, yet related
- Extrapolate – carry forward in the same fashion
- Feedback – getting information of results after decision or action
- Finance – resource available in terms of money
- Financial statement – documents primarily used for balance sheet, and profit and loss account
- Flat structure – organization having less number of authority levels and thus looking flat as opposed to vertical organization
- Forecasting – predicting future on a systematic basis
Advertisement
The following two tabs change content below.
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 contact@bms.co.in.
Latest posts by BMS Team (see all)
- Meterdown Annual Festival is back with its 7th edition – Starts today! - January 16, 2020
- Tybms sem 6 results 2019 declared on 19th June 2019 - June 19, 2019
- TYBMS Sem 6 Results 2019 Update from BMS khabri! - June 15, 2019
16 Comments