Governance and Management

Governance is concerned with goals, principles and structures that define who can make what decisions, frameworks, policies, rules, and processes that define or constrain day-to-day management activities

Management responds to daily circumstances and performance by taking daily actions. Managers should be guided or constrained by established governance documentation.

(c) BPTrends 2009


Six branches of business management:
Human resource management
Operations management or production management
Strategic management
Marketing management
Financial management
Information technology management responsible for management information systems
(c) http://en.wikipedia.org/wiki/Management