ABSTRACT
Good corporate management is a discipline, a profession, a codified set of practices—as in law, medicine and architecture. The major components of the discipline of management are planning, implementation of plans and control of results. Management is carried out by managers: professionals responsible for using the latest available practices and techniques to try to make the best possible decisions for the benefit of the entire organization. Every company has a distinct style of management. It stems, in part, from its philosophy and also from the external circumstances such as the culture of the country in which one operates. While broad generalizations are dangerous, businesses in most parts of the world are moving toward the participative management style. Team concept, continuous improvement, total quality management and reengineering don’t have to be slogans and half-baked follow-the-crowd attempts. They can be real and highly productive.
