economy

definition of management model

A theoretical framework that integrates various activities constitutes a model. With regard to the idea of ​​management, we refer to the system through which an activity is organized. Therefore, the concept of management model refers to the scheme or theoretical representation through which a process is carried out.

Management models in the business world

Although this concept is applicable to spheres of different nature (for example, education or health), it is in the business world where it is most used.

Regardless of the size of a company or its sector, in any company you have to design strategies or measures in order to achieve certain objectives. The measures adopted must consider various aspects: financial, logistical, human resources, in relation to services or marketing. All these elements intervene in a management model.

The hierarchical model is the most traditional and is one in which a company plans its activity with a management structure at the top and a series of intermediate and basic positions as subordinates

There is a management model based on the elimination of intermediaries (for example, when a company contacts its customers through the internet).

Franchises are also another possible approach and consist of establishing a contractual relationship between independent companies, a franchisor company and another franchisee. The first has the industrial property rights and is the one that has created the business model and the second is the one that acquires the trademark rights of the franchising company.

Cooperatives arise when members of a business community organize around a common need or interest. The members of a cooperative are members of an organization and act in solidarity and according to the principle of mutual aid.

Quality management in the management model

Regardless of the management model of each company, in recent years the issue of quality has acquired special relevance.

The quality management model refers to the search for excellence in a product or service. The concept of quality has a comprehensive meaning, as it encompasses the product or service that is sold, but also its production process and customer service. To make this possible, quality standards are established, the best known being the ISO standards.

Photo: Fotolia - Primovych-Hrabar

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