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.
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.
leadership / tour / lead
'die Führung' and 'die Geschäftsführung' can both refer to leading and making decisions in an organization. 'Führung' is more general and can refer to teams, clubs, schools, or companies. 'Geschäftsführung' is used specifically for a company and often means the people who officially run the company. Learners may confuse the words because both occur in professional contexts. When the topic is leadership of people or organizations in general, 'Führung' fits. When it is specifically about the management of a company, 'Geschäftsführung' is more precise.
Die Geschäftsführung entscheidet heute über den neuen Standort.
Management is deciding today on the new location.
Frau Neumann übernimmt im Büro die Führung des neuen Teams.
Ms. Neumann takes over leadership of the new team in the office.