[fʌŋkʃənəl ˈmænəʤmənt]
Definition: is a special system for managing human, technical, financial and other resources to achieve certain goals and solve problems. It is the basis for the formation of a methodology for managing various spheres of activity. Functional or special management is the management of certain areas of the organization or its links, for example, innovation, personnel, marketing, finance. In any organization, general and functional management exists in an organic unity, forming an integral management system. Their correlation and combination determine the prevailing type of the formal structure of the organization.
Functional management in a sentence:
- Functional management covers certain areas of the organization or firm.
- The functional management system is usually divided into several component parts (subsystems).
Synonyms and related words: resource management, highly specialized management
