Makovskaya T. D., Usachev V.A.

Donetsk National University of Economics and Trade Named after Mikhailo Tugan- Baranovsky

Management and governance.

Management came together with the people. Where at least two people united in the desire to achieve some common purpose, there is a problem of coordination of their joint action, a decision which one of them had to take. In these circumstances, he became the manager or managers, and the other - or the executor of his subordinates.
Originally, the word "management" meant "the ability to go around horses." It comes from the verb "to manage" (manage), and he in turn - from the Latin "manus" (hand).Thus, management literally means - "the leadership of people."
At the present time is hardly a more important and multifaceted field of activity than the control or management, of which rely heavily, and production efficiency, and quality of services.
Management - part of management and business activities, providing the rational management of economic processes, organization and management systems to improve it according to the tasks of socio-economic development.

Distinctive features of management lies in the fact that he directs the company to meet the needs of the market, at the constant improvement of production efficiency (getting the best results at the lowest cost), to freedom in making decisions on the development of strategic objectives and programs and their continuous adjustment depending on the state market.
However, despite the variety of interaction between management and the organization can clearly define the boundaries of which is the subject of management, as well as provide certain types of management: financial, investment, strategic, innovative, international, industrial, information, personnel, time management, crisis management, social , banking, tax, environmental, risk management.
Financial management can be defined as a purposeful activity of the subject of management (top management and financial services), aimed at achieving the desired financial condition of the controlled object (the company) or in other words, the management company to achieve their intended results and financial efficiency.

Investment management - the process of investment management firm (company).
Strategic management - it is management of the organization, which relies on human capital as the basis for the organization, directs production activities on the needs of consumers, and provides flexibility to respond timely changes in the organization to meet the call from the environment and allow to achieve competitive advantage, all of which enables the organization survive in the long term, while achieving their goals.
Innovation Management helps effectively manage the processes of innovation associated with the creation, development, manufacture, and distribution to consumers new and innovative products and services.
International Management is the kind of management, whose main objectives are the creation, development and use of competitive advantages through business opportunities in different countries and the appropriate use of economic, social, demographic, cultural and other characteristics of these countries and inter-country cooperation.
Production Management integrates and around all types of management: innovation, financial, tax, marketing, etc.

Information Management - a technology whose components are the bond information, personnel, hardware and software support information processes, as well as regulatory procedures established by the formation and use of information resources.
The purpose of information management: ensuring the effective development of the organization through the regulation of different types of information activities.
The success of any organization depends on its employees. Staff is one of the most important resources of the organization needed to achieve all its goals and objectives. 

Time Management - a set of knowledge, as of great economic importance and value of private. The economic importance lies in the fact that due to time management may be a significant increase in productivity of both the individual and the whole team as a whole. 
Time management as a system of time management involves a number of elements which, when used together give a significant reduction in time required for various manufacturing processes.
Crisis Management - defined as activities necessary to overcome the state, threatening the life of the enterprise in which the main issue is survival. This activity is characterized by increased intensity of use of tools and techniques in the company needed to overcome a situation threatening the life of the enterprise. 

Social control, management is seen as a process of social influence processes in order to achieve certain goals, as well as the sphere of human activity. The need for social control is due to the division of labor and the need for its cooperation.
Independent subject of social control is a management activity in the unity of management relationships that develop in the process of creating the system of social control, its construction, operation and development. 

Bank management in general is a relationship management relating to the strategic and tactical planning, analysis, management, control of the bank, financial management, marketing activities and personnel engaged in banking operations. Risk management - a system of risk assessment, risk management and financial relations arising in the course of business. In a market economy, producers, buyers and sellers act independently in a competitive environment.