9 answers
Hope
Student
California, Pennsylvania
1
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What is business management ?
What's business management
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9 answers
Mohitha Chandrashekara
Solution Delivery Manager
5
Answers
Dublin, California
Updated
Mohitha’s Answer
Hello there! Being in business management means you're at the heart of making things work in an organization. It's all about crafting plans, arranging resources, and steering various tasks to reach particular goals and objectives.
Think of yourself as a superhero in this role! You'll be at the helm, coordinating resources, people, and processes to guarantee the business runs smoothly and effectively.
There's a whole array of tasks under your control, from strategic planning and decision-making to staffing, leading, and evaluating. Your role will involve setting targets, devising strategies, distributing resources, handling finances, tracking performance, and making necessary tweaks.
But remember, you're more than capable! Excelling in business management calls for skills like leadership, communication, problem-solving, decision-making, and critical thinking. Armed with these skills, you're set to boost the success and expansion of the business by enhancing productivity, profitability, and customer satisfaction.
Think of yourself as a superhero in this role! You'll be at the helm, coordinating resources, people, and processes to guarantee the business runs smoothly and effectively.
There's a whole array of tasks under your control, from strategic planning and decision-making to staffing, leading, and evaluating. Your role will involve setting targets, devising strategies, distributing resources, handling finances, tracking performance, and making necessary tweaks.
But remember, you're more than capable! Excelling in business management calls for skills like leadership, communication, problem-solving, decision-making, and critical thinking. Armed with these skills, you're set to boost the success and expansion of the business by enhancing productivity, profitability, and customer satisfaction.
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity => Self-Actualization.
6342
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Dear Hope,
Mastering Business Management
Mastering business management is about effectively and efficiently steering an organization's activities to meet its goals. It requires a keen eye on various facets of a business, such as operations, finance, marketing, and human resources. The ultimate aim is to make the best use of resources, boost productivity, and secure the organization's success in the long run.
Crucial Elements of Business Management:
Planning: This is about setting targets, crafting strategies, and laying out plans to hit those targets. It's a way to foresee future hurdles and opportunities.
Organizing: This involves arranging the organization's resources in a manner that aids in achieving goals. It encompasses task organization, responsibility allocation, and setting up communication pathways.
Leading: This requires motivating team members, offering direction, and inspiring them to strive for shared goals. Effective leadership is key to cultivating a positive work atmosphere and attaining organizational triumph.
Controlling: This involves tracking performance, comparing it to established benchmarks, spotting discrepancies, and implementing necessary corrections. It ensures the organization remains on course towards its goals.
Significance of Business Management:
Efficiency: Sound business management aids in maximizing resources and minimizing waste, resulting in enhanced efficiency.
Decision Making: Robust management provides a structure for making enlightened decisions grounded in data and analysis.
Adaptability: Business management empowers organizations to adjust to shifting market conditions and maintain competitiveness.
Employee Engagement: Excellent management practices promote employee involvement, motivation, and job contentment.
Strategic Growth: Through strategic planning and implementation, business management fosters the organization's growth and expansion.
In summary, business management is crucial for any organization's seamless operation and success. It offers a structured method to achieve goals, manage resources effectively, and guarantee sustainable growth.
Top 3 Credible Sources Consulted for this Response:
Harvard Business Review: A prestigious publication that provides insights and best practices in business management from industry leaders and scholars.
Investopedia: A reliable source for financial education and business content that delves into various aspects of business management.
The Wall Street Journal: A respected newspaper renowned for its business news, trends, and analysis pertinent to business management practices.
Stay Blessed!
James Constantine.
Mastering Business Management
Mastering business management is about effectively and efficiently steering an organization's activities to meet its goals. It requires a keen eye on various facets of a business, such as operations, finance, marketing, and human resources. The ultimate aim is to make the best use of resources, boost productivity, and secure the organization's success in the long run.
Crucial Elements of Business Management:
Planning: This is about setting targets, crafting strategies, and laying out plans to hit those targets. It's a way to foresee future hurdles and opportunities.
Organizing: This involves arranging the organization's resources in a manner that aids in achieving goals. It encompasses task organization, responsibility allocation, and setting up communication pathways.
Leading: This requires motivating team members, offering direction, and inspiring them to strive for shared goals. Effective leadership is key to cultivating a positive work atmosphere and attaining organizational triumph.
Controlling: This involves tracking performance, comparing it to established benchmarks, spotting discrepancies, and implementing necessary corrections. It ensures the organization remains on course towards its goals.
Significance of Business Management:
Efficiency: Sound business management aids in maximizing resources and minimizing waste, resulting in enhanced efficiency.
Decision Making: Robust management provides a structure for making enlightened decisions grounded in data and analysis.
Adaptability: Business management empowers organizations to adjust to shifting market conditions and maintain competitiveness.
Employee Engagement: Excellent management practices promote employee involvement, motivation, and job contentment.
Strategic Growth: Through strategic planning and implementation, business management fosters the organization's growth and expansion.
In summary, business management is crucial for any organization's seamless operation and success. It offers a structured method to achieve goals, manage resources effectively, and guarantee sustainable growth.
Top 3 Credible Sources Consulted for this Response:
Harvard Business Review: A prestigious publication that provides insights and best practices in business management from industry leaders and scholars.
Investopedia: A reliable source for financial education and business content that delves into various aspects of business management.
The Wall Street Journal: A respected newspaper renowned for its business news, trends, and analysis pertinent to business management practices.
Stay Blessed!
James Constantine.
Howard Christiansen
Professor
54
Answers
New York, New York
Updated
Howard’s Answer
Dear Hope,
Your message radiates a potential love for business management, a field that demands a potent dedication to motivating others. The fundamental pillars of business management underscore the necessity of abilities like strategizing, coordinating, guiding, and supervising.
My proficiency lies in instructing a diverse range of management subjects, such as Management Principles, Organizational Behavior, Navigating Change, and Business Strategy. These topics reflect a comprehension of the discipline. If you relish collaborating with others, investing in hard work, and constantly expanding your knowledge of business tactics, this could be the perfect arena for you.
As a prospective trailblazer in Management, you hold the power to mold the future of budding business professionals. You can ignite in them not just the thirst for knowledge but also the drive to enact positive transformations to enhance the company they serve. I wholeheartedly wish you success in every step you take. Pursue a robust education and join a reputable company. These steps will guide you on your journey to triumph.
Respectfully,
Professor Christiansen
Your message radiates a potential love for business management, a field that demands a potent dedication to motivating others. The fundamental pillars of business management underscore the necessity of abilities like strategizing, coordinating, guiding, and supervising.
My proficiency lies in instructing a diverse range of management subjects, such as Management Principles, Organizational Behavior, Navigating Change, and Business Strategy. These topics reflect a comprehension of the discipline. If you relish collaborating with others, investing in hard work, and constantly expanding your knowledge of business tactics, this could be the perfect arena for you.
As a prospective trailblazer in Management, you hold the power to mold the future of budding business professionals. You can ignite in them not just the thirst for knowledge but also the drive to enact positive transformations to enhance the company they serve. I wholeheartedly wish you success in every step you take. Pursue a robust education and join a reputable company. These steps will guide you on your journey to triumph.
Respectfully,
Professor Christiansen
Julia Nasirumbi
management
1
Answer
Nairobi, Nairobi County, Kenya
Updated
Julia’s Answer
Business management is about effectively organizing your own tasks and utilizing the resources around and within you. It's also about teaching others these skills at a price that's profitable for you.
Business management is the process of planning, budgeting, decision-making, organizing resources , building trust .
Athome Al
Chris Resetar
Contract Management
24
Answers
Ellicott City, Maryland
Updated
Chris’s Answer
Hi!
Business management can encompass many different areas and disciplines so I will give you my opinion. Business management is a active process where you analyze the situations your business encounters and made decisions about how to effectively meet those challenges by taking actions like allocating resources, developing an action plan, budgeting, etc. But to me by far the most important aspect of business management is putting those you are leading in the best position to succeed. My goal as a leader and as a colleague is to see everyone around me succeed and I find that in enabling others to succeed you will have a happier and healthier organization.
Business management can encompass many different areas and disciplines so I will give you my opinion. Business management is a active process where you analyze the situations your business encounters and made decisions about how to effectively meet those challenges by taking actions like allocating resources, developing an action plan, budgeting, etc. But to me by far the most important aspect of business management is putting those you are leading in the best position to succeed. My goal as a leader and as a colleague is to see everyone around me succeed and I find that in enabling others to succeed you will have a happier and healthier organization.
Joan Ortiz
Program and Project Senior Manager
3
Answers
Lake in the Hills, Illinois
Updated
Joan’s Answer
Hi! Business Management encompasses a wide variety of activities in a business or organization can be very broad. It involves overseeing all aspects of a business, and can cover operations, marketing, leadership, human resources. Business managers need skills like leadership, communication, and problem-solving. If you are looking into a business management degree, you may want to better understand what part of business management you are interested in so you can hone in on those classes and really focus on where your strengths are or what you enjoy. There are lots of articles/books that you can check out as well, a classic is Stephen Covey's 7 Habits of Highly Effective People.
Read some articles/books
Joan recommends the following next steps:
Rose Quinones
Snr Trainer
1
Answer
Bronxville, New York
Updated
Rose’s Answer
A Business Manager is responsible for leading and overseeing all operations in their company. They implement strategies to ensure productivity while also evaluating how well the business performed on various tasks within a specific time frame.
deborah kania, bfa, mba
Marketing
70
Answers
New Bern, North Carolina
Updated
deborah’s Answer
Hello Hope! Business management is the process of planning, budgeting, decision-making, organizing resources (people, money, time, supplies, equipment, raw materials, natural resources), leading teams, and assessing performance against the plan. Business managers seek new opportunities to develop new products, services or markets. They also address challenges and make adjustments. The goal is generate profits and continue operations over the long term. I hope my answer is helpful to you.
Bakka Monica
HR IT Recruiter
1
Answer
Nellore, Andhra Pradesh, India
Updated
Bakka’s Answer
Business management is the process of planning, organizing, decision making, advertising, investing, budget planning, people, Technically via online selling, marketing, developing website to build online process, A team to work under, and make the business to work time to time.