Managerial means relating to the work of a manager. his managerial skills. a managerial career Some see themselves as the provider of ideas, while others view their role as essentially managerial. relating to the job of a manager
(Bilim, İlim) A corporate enterprise in which effective control of the corporation rests with the managers, rather than with the shareholders of the corporation
Application of economic principles to decision making in business firms or other management units. The basic concepts are drawn from microeconomic theory, but new tools of analysis have been added. Statistical methods, for example, are increasingly important in estimating current and future demand for products. The methods of operations research and programming provide scientific criteria for maximizing profit, minimizing cost, and selecting the most profitable combination of products. Decision-making theory and game theory, which recognize the conditions of uncertainty and imperfect knowledge under which business managers operate, have contributed to systematic methods of assessing investment opportunities