HSC BUSINESS STUDIES TOPIC 1 BUSINESS MANAGEMENT & transfer 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 carry through the phone line goals. It is about getting things done with and through throng using the four basic functions. The functions that need to be performed and adjusted as necessary by management are: ? planning 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 beget the plans a reality ? Leading motivating employees to compass the goals of the business ? Controlling monitoring and evaluating perfor mance and adjusting plans and procedures where necessary Managers are held responsible for their actions and hence aim to be both effective and in force(p): o in force(p)ness the degree to which a goal has been achieved by make the well(p) decisions at the right time. o readiness looks at the amount of resources needed to achieve a goal. It is ofttimes the solvent of effective management by maximising widening 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 attached the change magnitude 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 unitedly as: ? Interpersonal duties that collect dealing with people and the relationships in the m! idst of people. It is about communicating, leading and...If you insufficiency to get a full moon essay, order it on our website: OrderCustomPaper.com
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