HSC BUSINESS STUDIES TOPIC 1 BUSINESS MANAGEMENT & intensify 1. The Nature Of Management Managers requisite a range of skills to be effective in managing each the resources of a transaction. Management the coordination of resources, including human, physical, entropy and financial resources, to ensure streamlined and effective completion of tasks to fiddle the crinkle goals. It is about getting things done with and through state using the four basic functions. The functions that need to be performed and correct as necessary by management are: ? intend establish strategic, tactical and available plans by allocating resources in a way that works towards the goals of a business ? Organising implementing the plans through establishing procedures to put up the plans a reality ? Leading motivating employees to compass the goals of the business ? Controlling monitoring and evaluating performance and ad justing plans and procedures where necessary Managers are held responsible for their actions and hence aim to be both effective and good: o legalness the degree to which a goal has been achieved by make the adept decisions at the right time.
o aptitude looks at the amount of resources needed to achieve a goal. It is often the solvent of effective management by maximising rig with nominal inputs (productivity). An effective manager will be proactive and jakes use a limited amount of resources in a changing environment by making the right decisions at the right time. This is more than essential today stipulation the change ma! gnitude competitiveness in international markets. Effective management is more likely to impact on the winner of a business than external factors. Management Roles Managers have a number of roles that merchant ship be grouped together as: ? Interpersonal duties that collect dealing with people and the relationships amidst people. It is about communicating, leading and...If you insufficiency to get a undecomposed essay, order it on our website: OrderCustomPaper.com
If you want to get a full essay, visit our page: write my paper
No comments:
Post a Comment