5 Phases of project management Project management is the application of knowledge, skills, tools, and techniques to a broad range of activities in order to meet the requirements of a particular project. There are five phases of project management and if the lifecycle provides a high-level view of the project, the phases are the roadmap to accomplishing it. Phase 1: Project Initiation This is the start…

Knowledge management process Knowledge management (KM) is the process of capturing, developing, sharing, and effectively using organizational knowledge. It refers to a multi-disciplinary approach to achieving organizational objectives by making the best use of knowledge. An established discipline since 1991 ,KM includes courses taught in the fields of business administration, information systems,…

Changes in the business enviornment The business environment in which firms operate lies outside themselves. It is their external environment, which is always changing. Some changes are so dramatic that everybody notices them, but others may creep up on an industry over the years and be largely ignored for too long. Changes take many forms and create new challenges. For an industry as a whole, it…

Business Management Skills To run a successful business you need a diverse range of business management skills. When you start your business it’s likely that your responsibilities will include:     sales and marketing;     accounts;     human resources; and     information technology (IT). How confident do you feel in your ability to…

What is Self-Management? Self-Management brings organizational structure to an enterprise spontaneously.  Individual Colleagues, directed by their Personal Commercial Mission, are principally responsible for organizing their relationships.  Their Personal Commercial Mission is their "boss."  The managerial functions of planning, organizing, staffing, directing and controlling…