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Managerial Methods

In: Principles of Management

Author

Listed:
  • Peter Eichhorn

    (OPINIO Forschungsinstitut)

  • Ian Towers

    (SRH Hochschule Berlin)

Abstract

The chapter discusses management systemsManagement system , describing functional, hierarchical and hybrid systems. The concept of the goal matrix is introduced and the elements of the management systems needed to reach the goals are discussed: tasks, structure, team, style and support. The management process consist of planning, execution and supervision and takes the form of a circuit. Emphasis is placed on controllershipControllership as a key element of management supportManagement support , with checking, auditing and feedback shown to be fundamental to success. Tools for the development of strategyStrategy are presented, as are the tasks of human resource managementHuman resource management and finance management. We conclude this book with a discussion of the key aspects of auditing, paying particular attention to reporting and monitoring, since decision makingDecision making has to be efficient and effective.

Suggested Citation

  • Peter Eichhorn & Ian Towers, 2018. "Managerial Methods," Springer Texts in Business and Economics, in: Principles of Management, chapter 9, pages 263-312, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-70902-4_9
    DOI: 10.1007/978-3-319-70902-4_9
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