Meaning And Types Of Educational Management Terms

Management inventory

management (noun, man-age-ment, \ ˈmænɪdʒmənt \) inventory (noun, in-ven-to-ry, \ ˈɪnvəntɔːri \)

Definition: is an organized and easy-to-understand directory that contains the list of all members of a company’s management team, as well as a detailed description of all the capabilities that each individual possesses. A management inventory is created on the basis of information gained from a manager’s work records, his education, and any training courses that he may have taken. Additionally, reports written by the manager’s direct superior and the analysis of appraisal sessions are also an important factor in determining his competence level.

In a Sentence:

1. We’ve reviewed our management inventory and concluded that our company lacks specialists worthy of being promoted to the board of directors.
2. The company’s owner settled the management inventory aside having realized that it wasn’t updated for several years.
3. Based on the records in our management inventory, it’s safe to say that we need to fire the manager of the Boston branch and look for someone with better staff management skills.

Synonyms and related words: inventory management, management team, employment record, supervisor’s report

Materials management

materials (noun, ma-te-ri-als, \ məˈtɪriəlz \) management (noun, man-age-ment, \ ˈmænɪdʒmənt \)

Definition: is a method of planning, systematizing, managing, and overseeing all operations that are closely related to the flow of materials into a company. The range of functions included in an organization’s materials management can vary drastically depending on the specifics of how its run and may consist of material control, manufacturing planning, sales, inventory storage and management, and waste control. A properly implemented materials management system allows a company to cut down on various costs and find additional budget funds.

In a Sentence:

1. Once WayPost increased the amount of money spent on materials management, they were finally able to add RFID tags on every single shipping crate.
2. The two months we spent devising our materials management plan proved to be worth it, as inventory control became ten times easier.
3. Margaret Clarke was just appointed responsible for materials management and tasked with overseeing the waste control of our organization.

Synonyms and related words: supply chain, materials inventory, delivery schedule, materials requirement planning, materials handling

Structural management

structural (adjective, struc-tur-al, \ ˈstrʌktʃərəl \) management (noun, man-age-ment, \ ˈmænɪdʒmənt \)

Definition: is a part of a company’s management system that serves to establish and support a satisfying balance of two or more components or elements that are different but related to the same subject or entity. For instance, structural management may involve a company finding the balance between debt and equity. Such management can be performed both on the managerial and departmental level, depending on which elements are in need of balancing. Oftentimes, enterprises acquire specially designed software problems to simplify this process.

In a Sentence:

1. I have to say, using structural management for sorting out our accounts payable problem proved to be surprisingly efficient.
2. One mistake that entrepreneurs commonly make when performing structural management is that they try to save as many costs as they can instead of reinvesting them in the further development of their business.

Synonyms and related words: resource management, risk management, value chain management, supply management

Classical school of management

[klæsɪkəl skul ʌv ˈmænəʤmənt]

Definition: is a concept that takes into account rational patterns. The efforts of the founders of the classical school of management were aimed at creating universal management principles based on personal observations and aimed at streamlining production, while ignoring social relations in the production process without paying due attention to the human factor. The classical school of management is based on the scientific approach developed by Henri Faile, whose main idea is the rational organization of the organization as a hierarchical structure.

Classical school of management in a sentence:

1. The classical school of management came to replace the school of scientific management in the 1920s.
2. Representatives of the classical school of management considered management as a universal process, consisting of several interrelated functions, and outlined the basic principles of management.

Synonyms and related words: principles of management, scientific approach, human factor

Management

Management [ˈmænɪdʒmənt] is

• a complex of modern principles, tools and forms aimed at improving the activities of the enterprise;
• an institutional structure designed to manage an organization, region, or country;
• a category of people professionally involved in administration.

Sentences:

1. He is an expert in funds management.
2. New management ruined the prospective construction company.
3. Bureau proposed effective projects management techniques.

Synonyms: administration, board, executives, directors, brass.