management
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management
The person or group of people who runs a company and is responsible for its strategic and operational decisions; the management.
Die Geschäftsführung hat beschlossen, eine neue Filiale zu eröffnen.
Management has decided to open a new branch.
management
The activity or process of running a company. The exercise of a leadership function.
Nach dem Tod ihres Vaters übernahm sie die Geschäftsführung des Familienbetriebs.
After her father's death, she took over the management of the family business.
The word is made up of 'Geschäft' (business), the linking -s, and 'Führung' (leadership/management). So it literally means the 'management of a business' or the people who run the business.
Die Geschäftsführung ist für die strategische Planung zuständig.
Management is responsible for strategic planning.
'Geschäftsführung' (management) is a formal term from business and working life. You find it in contracts, official notices, and business communication.
Alle wichtigen Entscheidungen müssen von der Geschäftsführung genehmigt werden.
All important decisions must be approved by management.
When 'Geschäftsführung' (management) appears as an acting subject, e.g. 'die Geschäftsführung entscheidet' (management decides), it refers to the group of people. When it is the object of verbs like 'übernehmen' (to take over) or 'innehaben' (to hold), it refers to the activity or the position.
Die Geschäftsführung hat heute neue Richtlinien veröffentlicht.
Management published new guidelines today.
When the group of people is meant, typical verbs are 'entscheiden' (to decide), 'tagen' (to meet), 'berichten' (to report), or 'informieren' (to inform). The word often appears as a subject that acts actively.
Die Mitarbeiter warten auf eine Antwort der Geschäftsführung.
The employees are waiting for a response from management.
When the activity is meant, the word is often combined with verbs such as 'übernehmen' (to take over), 'abgeben' (to hand over), or 'verantwortlich sein für' (to be responsible for).
Er war zwanzig Jahre lang für die Geschäftsführung verantwortlich.
He was responsible for the management for twenty years.
administration / management
Verwaltung is the department or group that handles administrative tasks in a company. Geschäftsführung runs the company and is responsible for strategic and operational decisions. Verwaltung fits ongoing organization, while Geschäftsführung is used for the actual leadership of the company.
Die Geschäftsführung des Unternehmens entscheidet über den neuen Standort und den Jahresplan.
The company’s management decides on the new location and the annual plan.
Die Verwaltung des Unternehmens bearbeitet die Rechnungen und organisiert die Personalunterlagen.
The company’s administration handles the invoices and organizes the personnel records.
