A Survey Of The Most Important Management Techniques
 

A Survey Of The Most Important Management Techniques

May 28, 2010 Email This Post Email This Post Print This Post Print This Post

In this article I want to give you a brief survey of the most important management techniques.
A Survey Of The Most Important Management Techniques

This overview does not claim to be complete. There are probably many other management techniques.

Due to a long management experience, my selection includes the management techniques that I think are absolutely essential and indispensable.

All the other management techniques you can find are based upon the techniques I have referred to in some form.

They have helped me very often not to lose the track in very complex and confusing situations.

These management techniques will also help you to reduce a huge amount of information to the very essential details in order to prepare decisions and to visualize your decision basis.

Visualization is crucial if you want to present your decisions to third parties and if want to argue them professionally.

So let’s go back to the main question: What are the important management techniques?

Checklists

Checklists are used to check a certain object (object, field, activity) systematically and to carry it out respectively.
Very often, it is about something that happens repeatedly at irregular intervals which means it is prone to oversights due to a lack of routine.

Portfolio Analysis

The Portfolio Analysis is a powerful management technique that visualizes the state of an object in a very condensed form, mostly in a 2-dimensional matrix.

It is used to analyze the actual state of a system (static portfolio) or its future developments (dynamic portfolio).

In practice the portfolio analysis is very often the starting point for a strategy development.

ABC-XYZ Analysis

The ABC-XYZ analysis is an excellent tool for the classification and weighting of a variety of information. This management technique will help you to set priorities in comprehensive data and to focus on the really important information.

Scenario Technique

The scenario technique is a prediction method, which allows you to examine possible future developments of your field in the form of scenarios.
Using this management technique you can evaluate opportunities, risks and common characteristics of the different scenarios.

The scenario technique helps you to explore your scope of action and to make adequate preparations for the future.

Holistic Problem Solving

The holistic problem solving technique is based upon the concept of systems thinking. It is a model-based problem solving tool, which allows you to have a holistic view to the investigated problem and not just to follow a certain standard pattern.

This method considers all known influence factors and it analyzes their various interactions qualitatively. It evaluates the respective influence of an element to the system as well as the influence of the system to the single elements.

Formal mathematical methods are usually not able to analyze problems of this complexity exactly.

Creativity Techniques

This management technique supports you in finding creative and unconventional solutions to a given problem. These methods are dominated by the requirement to find as many interesting ideas as possible for solving a problem in a relatively short time.

This article is the start of a series of several articles which will explain the different management techniques to you step by step.
At the same time the articles include practical applications as well as concrete ideas for visualization.

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