In the area of business management, planning allows managers to monitor employee activities to make sure they are focused and productive, helps to manage cash flow and performance and can mitigate potential harm from ext... More »

A database management system is important because it manages data efficiently and allows users to perform multiple tasks with ease. A database management system stores, organizes and manages a large amount of information... More »

Innovation management is the process of developing and managing organizational processes. Information management is essential to a company's success because the process looks to the future in order to help companies devi... More » Business & Finance Business Resources Managing a Business

A turnkey contract is a business agreement in which a company is given the responsibility of planning and building a product that can generate cash flow for the client upon completion. Cambridge Dictionaries Online uses ... More »

According to, the role of management information systems is to give managers feedback about their own performance so that they can monitor the company as a whole. MIS automatically collects information from compu... More »

In business management, staff communication is a means of providing feedback to employees regarding their performance. The larger goal is to help them to perform better on a day-to-day basis. Staff communication is consi... More » Business & Finance Business Resources Managing a Business

Important basic management skills include leadership skills, communication skills and planning skills. Having decision making and problem solving skills is also essential for effective management. More » Business & Finance Business Resources