How 2 Make Business

Operational Risk Management analyzes and manages the firm’s risk of monetary loss resulting from inadequate or failed internal processes, people, and systems, or from external events.

So, measuring this item is very necessary especially in operational processes. Here are 20 most subject related about popular operational risks(OR).

Related posts

• Strategic planning (0)
• Management and its concept (0)
• Science or Art? (0)

Management? Where does the word “Management” come from?

In recent decade, the meaning of Management seem to organizing and the other roles of it to grow pale. But I think we must turn back and remember the Fayol’s concept again.

Planning, organizing, Leading, coordinating and controlling. After years and years, and add others thesis like Kontz, we forget some of these 5 items. The history of Management mixed with its meaning. So let’s go to the history!

According to the Oxford English Dictionary, the word “manage” comes from the Italian maneggiare (to handle — especially a horse), which in turn derives from the Latin manus (hand).

The Oxford english dictionary says:

The term “management” characterizes the process of and/or the personnel leading and directing all or part of an organization (often a business) through the deployment and manipulation of resources (human, financial, material, intellectual or intangible).

In other side it says “he’s responsible for the management of the firm” means:

ADMINISTRATION, running, managing, organization; charge, care, direction, leadership, control, governing, governance, ruling, command, superintendence, supervision, overseeing, conduct, handling, guidance, operation.

I want to bold the “Care” word. In our organization this word has a bad situation!.
Thus don’t forget these 7 items (POSDCORB) about “Management” and use them:

1.Planning
2.Organizing
3.Staffing
4.Directing
5.Coordinating
6.Reporting
7.Budgeting

Related posts

• The nature of management… (0)
• Production operations management (0)
• Levels of responsibility in the typical organization (0)

This is the first kick-off post for this blog. It stands for business activity, management, e-commerce, organization problems, and reviews of new generation of them internationally.
This will be a team effort, hope to cover all sorts of business and management, softwares, books, products and news about their fields.

Related posts

• What’s the E-Business? (0)
• Social Science Research Network (SSRN) (0)
• Production operations management (0)