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.Know More
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 in Managing a Business
Procurement management is the practice of planning and directing the activities of purchasing agents who buy materials needed for the operations of a company or organization. Procurement management also involves oversight of the supplier evaluation and purchase negotiation process.Full Answer >
Matrix management is an organizational structure in which multiple reporting lines and superiors exist for an individual in the organization. The reporting lines are identified in a chart as either solid or dotted, implying a strong or weak reporting relationship.Full Answer >
Management philosophy is the philosophy adopted by a company's executives outlining how they believe a business should be directed, particularly with regard to the treatment of fellow workers and employees. As such, management philosophy is less concerned with the day-to-day mechanics of running a business. Instead, a quality management philosophy helps develop relationships based on ideal interpersonal practices.Full Answer >
Bureaucratic management is a theory set forth by Max Weber, a German sociologist and political economist whose theory contained two essential elements, including structuring an organization into a hierarchy and having clearly defined rules to help govern an organization and its members. Bureaucratic management can be thought of as a formal system within an organization that is distinctly based on precisely defined hierarchical roles and levels to help maintain efficiency and effectiveness.Full Answer >