Corporate Management:

Corporate Management can be defined as the art of conducting and directing, and to leading all or part of an organization; generally a business through deployment and manipulation of resources (human, financial, material, and intangible).

Corporate Management involves all activities from business formation to the management, expansion and progress of the same; it also involves management of resources, expenses, processes and progress of the business.

Recent developments include the “theory of constraints”, re-engineering, and various information technology driven thesis as “agile software development”.

The “theory of constraints” approach describes management decision-making as a continuous cycle of three basic questions:-

• what to change,
• to what to change,
• how to make the change happen.

Towards the end of the 20^th century, management came to consist of a number of separate branches including human resources management, operation or product management, strategy management, marketing management, financial management and information technology management.

Corporate management process:  It includes the process of planning, measuring, evaluating, training people and controlling organizational activities.

Corporate management resources: This refers to the allocation of the capital resources wisely; continuously monitoring the appreciation of the corporate resources progress and working towards multiplying it.

Corporate management solution: This involves making strategic plans to improve corporate management to bring about better `return on investment` (ROI), for business by allocating resources wisely and controlling cost.

Corporate portal management:  This relates to the intra-net portals for better communication, automation of several accounting and human resources related processes.

Corporate portal enterprise: Help desk solution within the company (intranet) to facilitate information sharing in no time, data and document sharing and management – all types of data relating to HR, finance, expenses, etc.

Corporate portal software: Enabling better documents management, portal management, and help business to have a tab on the entire operations of the company.

Corporate are large business houses with several departments or divisions producing goods and/or services for consumers.  The number of managers and management style depend on the size of the organization and its culture.  The Board of Directors acts as business advisers to corporate management.

Management: The senior management generally consists of major divisions or functions of the corporate.  Usually, the President or Chief Executive Officer (CEO) heads the organization.  There are also the Chief Financial Officer (CFO), Chief Information Officer (CIO) and Chief Operating Officer (COO).

Types:  There are two types of management styles in corporate management:  Centralized and Decentralized structures.     

Questions:

• DefineCorporate Management.
• Explain corporate management process, resources, and solution.