10 Vital Concepts That You Didn’t Knew Exist In Management



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:

  1. Ergonomic – designed for human convenience
  2. Ethos – value environment
  3. Expert systems – system used for dedicated application
  4. Extended organization – activities not under the same management, yet related
  5. Extrapolate – carry forward in the same fashion
  6. Feedback – getting information of results after decision or action
  7. Finance – resource available in terms of money
  8. Financial statement – documents primarily used for balance sheet, and profit and loss account
  9. Flat structure – organization having less number of authority levels and thus looking flat as opposed to vertical organization
  10. Forecasting – predicting future on a systematic basis

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