Management education is an academic discipline by which students are taught to be business leaders, managers and university professors in business education, according to Capella University. People who earn a doctorate in management education become consultants, academic deans of a business program or training specialists.
Management education focuses on training future business leaders. Through theory and knowledge of management practice, students learn how to develop the leadership capabilities necessary to run a team of workers. Part of the curriculum focuses on assessing and evaluating teams in order to examine the role as a manager. People who specialize in management education must be able to adapt to changes in laws, regulations and trends.
Some institutions, such as Bucknell University, have entire schools devoted to management. Classes in management education prepare students to turn around ailing firms, create startup companies and place themselves into management positions. Management education degree holders work for private companies, government agencies, nonprofit groups, educational institutions, consulting firms and lobbying groups.
One field in which business managers see a good career outlook is healthcare. Medical and health services managers make more than $88,000 per year, and an additional 23 percent more managers will be needed until 2022, according to the Bureau of Labor Statistics. Healthcare administrators plan and direct medical services by managing departments or entire facilities.Learn More
A management report is a formal business document that discloses a company's profit and loss statements in one- to four-month periods. Management reports are utilized by higher management professionals, such as CEOs and CFOs, to determine where the business needs to cut expenses and focus on developing future product or service revenue streams.Full Answer >
Personal management is the sequence in which individuals set goals and outline short- and long-term strategies to fulfill those goals. Because personal management is highly individualized, no two people approach the system of goal fulfillment in the same ways. However, certain guidelines exist to help all types of people realize their financial, spiritual, educational and romantic goals.Full Answer >
Administrative management refers to a process within an organization whereby information is stored, analyzed and distributed among its members to ensure smooth business operation. Additionally, it entails the control and coordination of certain business aspects and the people involved, allowing it to manage the support operations within an organization.Full Answer >
The classical style of management suggests that a manager increase efficiency within a business in order to increase the overall production of the organization, using a formal and rigid approach. This type of management uses a more mechanistic style, with much more discipline and rationality compared to a neoclassical approach.Full Answer >