Business Management
Business management is what makes a business successful or can be the reason is fails. Any business, not matter how big or small, the industry it is in, or the cliental it is trying to reach can be successful without planning, organization, staffing, and directing. When a company is closed or unsuccessful, it is because they failed to manage their business.
Organization
“An organization can only function well if it is well-organized. This means that there must be sufficient capital, staff and raw materials so that the organization can run smoothly and that it can build a good working structure” (Van Vliet, para.4). Not being organized works for some individuals but companies cannot grow with lack of organization. Everyone’s opinion of success is different, the company I work for is very successful but we do not consider that our success, since we continue to set goals and grow. We would not be able to grow the way we have over the last 10 years without organization. Organization is the roots for planning, staffing, and directing in my opinion.
Staffing
Staffing has to be organized in order to make since financially as well as being effective. If you are understaffed that puts stress on the team that you have in place. Team members that are stressed over being understaffed may feel overwhelmed and may cause their production or customer service to decrease. In return this will affect the business revenue or rather customers return. On the other hand, if you are overstaffed than you are losing money paying for team members and not having enough business to compensate for them. Companies may also find it hard to give enough hours to their full time individuals.
Most people see staffing as an easy concept but it ...
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...cept. We are able to plan and reason behind our decision. When our plan has a flaw or fails we automatically start thinking of other ways for our plan to be successful.
Success
In my success I have had the opportunity to learn from amazing leaders who are very successful in business management. I personally believe that planning, organization, staffing, and directing a company are all important but planning is by far the most important. Whenever I have a new task, meeting, conversation, or conflict I am constantly planning. When someone ask me a question, I may ask them if I can get back with them so that I can plan my response. Otherwise, the response may not be what I wanted it to be or the delivery may not be as affective if I would have planned it out. This works for me and seems to be really affective, it allows me to not react on emotion but strategic planning
Successful management is the art of optimising long-term benefits for the organisation based on reconciling sometimes disparate stakeholders’ wants and needs (investors, employees, customers, suppliers
Murray and Dicroce (2003) suggest that management is a process that uses resources to achieve specific goals effectively; basic management functions including planning, organising, coordinating, directing and controlling. The term of manager can be appointed to the person to plan, organise, coordinate, supervise, negotiate, evaluate and use resources available in the best way possible to achieve the best service. Alternativ...
Organization is the function of assembling and coordinating human, financial, physical, informational and other resources needed to achieve goals. Without this function, my business would have folded in the first week. I have midlevel managers to gather together my employees, and discuss the plans for the week. Specific shoe styles must be displayed and organized in a certain order. Information must be disseminated to our marketing team so they know who we are targeting and what steps to take to increase our visibility and productivity. Organizing is not something just one person can do alone. For this function to work, it will take the entire team to pull together for us to triumphant.
The success of a company all falls on the shoulders of good management. If you have great management the company will run very smoothly. There are so many things that take place when you have good management. It encourages initiative, encourages innovation, helps with growth and expansion, improves the life of workers, motivates employees and much more. Without good management there would be no success.
As reported by Olian and Rynes (1984) “the possibility that organizational characteristics like structure, size, and strategy may influence staffing” (p. 170). As Tanglewood has been made up of 243 stores in 12 regions with approximately 51,600 employees there were many influences which had to be considered in order to develop a strong and workable staffing strategy.
The second function of organizing is accomplished through the assessment of planning and the preparing for the implementation of resources such as workers and their schedules. Currently, the organization lacks manpower in specific areas and this need to be addressed through better organization of human resources. Managers must also make sure that employees have the necessary resources to perform their jobs. Lack of organization can lead to inefficiency and lack of productivity, which is occurring in the in ability to service customers properly and double booking of clients.
A company that is well managed is successful in most of its activities. Management is said to be the planning and organizing. This is so because good leadership skills oversee the general working of every unit in the organization. The management of Tesla...
Planning is determining organizational goals and a means for achieving them. Planning is also the best way to improve the performance. It can encourage people to work harder to achieve the goals. So, the planning is very important and you must have the clear plan for your business. For example, Google which is the high technology firm that makes money from selling search-based Internet advertising, but Google says that it is not in the advertising business, but in the business of organizing the world’s information. Even though Google spent $1.65 billion in purchasing of YouTube to adhere to the business, but with YouTube, Google now helps users access and organize video content. The objective of Google is to organize the world’s
In order to achieve the goals of the organisation, managers have to set goals and developed a workable plan to complete the goals. Organising is one of the processes to organise people, activities and other resource in a logical way (Davidson 2009). Through the organising
Planning and organizing is another vital quality needed for managers. If manager can do effective planning he can really contribute in the long term progress and development of his organization. Proper planning helps in useful and efficient use of the existing resources of the organization. After planning if you are not able to organize the things, this can really worsen your planning.
For a company to be successful it is important that it has very good organization. Organization can be defined in many different ways. Bateman and Snell define organizing as assembling and coordinating the human, financial, physical, informational,
Entrepreneurship, innovation and economic development are the key factors of a successful business. These concepts are inter-linked and this essay will further explore and elaborate the relationship they have with each other. Additionally, sustainability also plays a role in this relationship and contributes greatly to a business’ success and reputation.
As Schermerhorn states in Management planning, organizing, leading, and controlling are the tools needed by managers to accomplish performance goals. It is crucial that managers be able to recognize and act upon problems or opportunities as they arise. Planning is perhaps the cornerstone of the four processes. All good processes were at some point given great detail so as to anticipate possible problems and solutions to those problems. When the Honda Motor Company decided it needed to refine its inventory they didn't just jump at the first idea that was proposed; they first set their objectives and discussed ways to meet those objectives. After giving careful consideration to processes and the streamlining of those processes human error rose as the top need for change. Sounds simple you might respond; in reality it is much more complicated.
Organizing: Manager must organized the human resources to get the corporate jobs done through delegation, empowerment, training, team work, leadership, system creation and other crucial business aspects.
Successful business leaders have stressed that good management skills, whether in a large corporation or in a one-person business, are vital to the success of a business. Many small business people may be good at launching their venture, but weak in managing the development and later stages of the business. DIFFERENCES AND SIMILARITIES BETWEEN A MANAGER AND A LEADER Leadership is just one of the many assets a successful manager must possess. Care must be taken in distinguishing between the two concepts. The main aim of a manager is to maximise the output of the organisation through administrative implementation.