Meaning of the word mismanagement in English

What does mismanagement mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

mismanagement

US /ˌmɪsˈmæn.ɪdʒ.mənt/
UK /ˌmɪsˈmæn.ɪdʒ.mənt/

Noun

the process of organizing or controlling something badly:

Example:
mismanagement of the economy/economic mismanagement