According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
MANAGEMENT
management, direction
(noun) the act of managing something; “he was given overall management of the program”; “is the direction of the economy a function of government?”
management
(noun) those in charge of running a business
Source: WordNet® 3.1
Etymology
Noun
management (usually uncountable, plural managements)
(uncountable) Administration; the use of limited resources combined with forecasting, planning, leadership and execution skills to achieve predetermined specific goals.
The executives of an organisation, especially senior executives.
(uncountable) Judicious use of means to accomplish an end.
Synonyms
• (process or practice of managing): mgt, mgmt, mgmt, Mgmt, mng't
Hyponyms
• advanced traffic management
• anger management
• cross-platform application management
• change management
• data management
• disease management
• human resource management
• inventory management
• knowledge management
• master data management
• micromanagement
• middle management
• time management
• project management
• risk management
• soil management
• strategic management
Source: Wiktionary
Man"age*ment, n. Etym: [From Manage, v.]
1. The act or art of managing; the manner of treating, directing, carrying on, or using, for a purpose; conduct; administration; guidance; control; as, the management of a family or of a farm; the management of state affairs. "The management of the voice." E. Porter.
2. Business dealing; negotiation; arrangement. He had great managements with ecclesiastics. Addison .
3. Judicious use of means to accomplish an end; conduct directed by art or address; skillful treatment; cunning practice; -- often in a bad sense. Mark with what management their tribes divide Some stick to you, and some to t'other side. Dryden.
4. The collective body of those who manage or direct any enterprise or interest; the board of managers.
Syn.
– Conduct; administration; government; direction; guidance; care; charge; contrivance; intrigue.
Source: Webster’s Unabridged Dictionary 1913 Edition
Recent Word Finds
Word of the Day
2 April 2025
COVERT
(adjective) secret or hidden; not openly practiced or engaged in or shown or avowed; “covert actions by the CIA”; “covert funding for the rebels”
Coffee Trivia
