Management creates the path of success for an organization by planning, organizing, staffing, directing, and controlling.
Managers may choose many styles to perform various types of management.
There are 20 common management types given below.
Let’s dive in.
20 Types of Management
1. Strategic Management:
The terms strategic management looks at the overall development of strategic vision, installing goals or objectives and execution of the plan and strategies of an organization and confession competitive advantage to win over the competitors.
It helps to guide the organization in the surviving change of the market environment and move in an appointed direction.
Strategic management defines organizational objectives in the right classification with the company’s vision.
2. Sales Management:
It is a management technique that helps to focus on the practical application of sales techniques and the management of an organizational sales operation.
It is a vital business discipline as the overall sales through the sales of products and services and finally the net profit drive most mercantile organizations. These key factors are the performance indicators of sales management.
3. Marketing Management:
The terms ‘Marketing Management’ have a huge usage in the business sector. It means as the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value.
It helps in managing the marketing tactics, product, price, and promotions.
4. Operations Management:
It is an area where management concerns designing, directing, controlling the production of goods and services and describe everything from manufacturing to retailing.
It ensures that the optimum utilization of physical resources to create products and services efficiently and effectively.
5. Supply Chain Management:
Supply chain management (SCM) helps in managing the continuous flow of goods and services, storage of raw materials, and distributes the finished goods and services from suppliers to customers.
It defines the planning, design, execution, leading, controlling, monitoring of supply-chain operations towards the organizational goals and objectives.
6. Procurement Management:
It is a strategic process to manage the winning of goods and services from external sources. It entangles sourcing, requisitioning, ordering, inspection, and reconciliation.
It means achieving goods and services from external vendors with recognize budget.
7. Financial & Accounting Management:
The terms refer to managing the financial and accounting approaches with organizational goals and teams in an organization.
8. Human Resource Management:
HRM is a vividly use management technique. It is one of the most important processes in the management sector. HRM has been changed over last twenty years.
It is the approach of employing people, training them, and paying them, stimulating the workplace policies related to them, make strategies to retain them.
It also helps in staffing, development the workplace policies, compensation in administration, training, development, and retaining.
9. Information Technology Management:
IT management is the process of the information technology resources of an organization to manage in harmony with its needs and wants.
It requires tangible investments like computer hardware, software, data, networks, and data center, as well as skilled employees.
The primary aim of IT management is to create value from the usage of technology. It manages IT management teams and processes.
10. R&D Management:
It is the approach where planning and directing research and development (R&D) processes, managing R&D teams timely and smoothly to accomplishing organizational development.
It defines as creating and commercializing inventions, and external and internal creation and retention of technological expertise.
11. Engineering Management:
It involves together the technological problem-solving capacity of the engineering and new product development, manufacturing, and construction.
Engineering management is a broad sector in management. It can be covering a vivid range of technological and managerial topics.
12. Program Management:
Program management is the process of managing projects with the goal of improving the company’s performance.
It helps to find the right projects, and define them on their objectives and creating an atmosphere where the project can be run successfully.
13. Project Management:
Project management is the process of directing the group’s work to make goals in reality timely. The main obstacle of project management is to accomplish all the project goals in an organization.
The main purpose of project management is to create a project according to the company’s client to fulfill their goals.
14. Risk Management:
The term ‘Risk Management’ means that the process of identifying, assessing, and controlling the transformation of the goals and activities will have a negative impact.
It is the technique for measuring, monitoring, and controlling the economical or operational risk of an organization.
15. Change Management:
Change management (CM) helps to prepare, support staff, teams, and enterprises in creating organizational change.
It boosts to upgrade the overall planning for organizational objectives.
16. Quality Management:
Quality management is the art of seeing all actions and tasks which help to maintain the quality of the product and services of an enterprise.
Actually, it focuses on long-term goals that help to accomplish short-term goals. It believes that long-term success comes from customer satisfaction and loyalty.
17. Innovation Management:
It is the combination of the management of innovation processes such as strategy, R&D, or organizational change.
It allows the organization to react to the external and internal scope and use it to discover new ideas, products, and services.
18. Design Management:
Design management is the business side of design. It is the sector of design processes, strategy to control unique processes on organizational design.
The primary objective of design management is to provide a business environment to achieve organizational objectives through design.
19. Team Management:
It refers to workers or an organization to control and coordinate a team to perform a task. It involves planning, teamwork, and communication between every group of peoples.
Team management has ability to find problems and fixing these problems within a team.
20. Knowledge Management:
Knowledge management enables the processes to identify, creating, representing, distributing and use of knowledge and information of an organization.
This multi-disciplinary approach helps to achieve organizational objectives by the best use of knowledge and information.
These are the 20 types of management.
What did you think of this? Do I miss something? Come on! Let us know if you want to add something to the list.