Management methods

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Definition: [ˈmænɪdʒmənt ˈmeθədz] are a set of ways for influencing a certain object to reach the declared purposes. Experts identify three groups of techniques:

  • Economic motivation is used in the form of material remuneration or sanctions for the quantity and quality of labor. It consists of wages, bonuses, or share in profits.
  • Organizational and regulatory ones are based on discipline and are mandatory. These include design, regulation, and rationing. It does not specify the concrete persons and dates of execution. They are implemented in the form of internal standards, instructions, and charters.
  • Socio-psychological tools are aimed at establishing a harmonious relationship in the team. They involve moral encouragement, conviction, personal example, maintaining a moral climate in the team.

Management methods In a Sentence:

  1. Because of the abundance of management methods, a lot of headers are not able to decide the right choice.
  2. Modern university courses introduce both classical and up-to-date management methods.

Synonyms and related words: supervision ways, administration tools, regulation methods