i am always interested to see which tools are most popular and how the popularity of the various management tools is shifting and changing. in difficult times companies haven’t got the luxury of wasting time and money on things that are not really important and don’t contribute to their strategy. if strategy execution is a problem then it is good to see the balanced scorecard in the list of top 5 tools. and again, in difficult economic climates companies need to ensure and monitor that they are doing the right things.
this is again a reflection of the current economic struggles many companies are facing. this in turn is useful information that should feed into the customer perspective of the balanced scorecard. the global war for top talent is still raging and every company wants to hold on to the talent it has acquired or developed. at the same time they all need to ensure they manage their customers and engage their employees. do you agree with this list and my interpretation of why they are in the top 5?
business management tools are all the systems, applications, controls, calculating solutions, methodologies, etc.  there are tools related to each organization’s department which can be classified for each aspect of management. a classification by function would consider these general aspects: nowadays, management tools have evolved dramatically in the last decade thanks to fast technology advances, so fast that it is difficult to select the best business tools for any situation in any company. under this scenario, managers should take a strategic attitude to business management tools instead of going for the latest tool. business management tools should be selected carefully, and then adapted to the organization needs and not the other way around.
these tools reflect how their outcomes contribute to each region’s needs, considering the downfall and companies’ market situation. then customer relationship management was added to the solution and finally the whole package moved into the cloud business management space.  the tools focused on smes are important because they are a way to save money and make entrepreneur’s businesses more profitable. their main objective is to help entrepreneurs to achieve everyday duties in a much simple way and mostly free.  the downside to take in consideration is that some of the apps may be unreliable or will require organizations to advertise them.
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