Why management means a whole lot to a business existence.

CALVINDOL

VIP Contributor
Management has a whole lot of importance to an organisational productivity or performance and if the management of a particular business organisation is poor or insufficient then the productivity and the performance of the business in particular is sure to dwindle or become insignificant . It is absolutely very important that a business owner does not have a reasonable quality management women in his or her business organisation , a business can only be successfully managed when the manager of the business organisation is fully equipped with the basic skills that totally makes a manager to be skillful and to be an expert . Most importantly entrepreneurship skills and definitely what we are talking about here, by definition and description enterpreneurship skills refers to those basic skills and does basic experiences every business owner of every business manager should endeavour to have sufficiently and adequately so as to be able to exhibit and to reflect them in his or her business because there's so much help the productivity and performance of every business .

It is absolutely advised to focus on the management of a business organisation more than the actual establishment of it because you can only be successful in business when you can absolutely manage the business and nothing else .
 

Setho

VIP Contributor
A lot can be spoken about a business buy just the kind of people we have in their management and also how they manage resources and employees. Management start immediately when somebody thinks of a business and that is why it is always advisable to write a business plan so that you can be able to stay truthful for yourself.

You are also going to secure funding that is necessary to move the business forward and the management of that fund is actually the most important thing. You have to know the kind of equipment that you are going to buy, the kind of location in which you are going to setup your business and also the kind of employees in which you are going to employee.

Management of employees is the last thing because after your customers their employees at the biggest secrets to your business successful. You have to ensure that they are happy and are willing to achieve the company's vision and mission statement with you at all times. You can do this by paying them their wages and real operation on time, encouraging them by giving them bonuses and performance related add-ons. All this is why management is very crucial for the survival of any business.
 

TOZZIBLINKZ

VIP Contributor
Management is actually very crucial for the survival and for the existence of every business organisation. A business should not only have management but whether I should have sufficient and adequate management because with the help of sufficient and adequate management a business can totally be assured to be in the line of successfulness and prosperity . For a business to prosper you definitely need management, and you'll be in the business owner could definitely be the manager of the business organisation but in a situation where you have doubt to successfully manage your business you can possibly employ a manager able and capable of handling and resolving all business problems and challenges that makes him or her a manager and a good one at that .

The manager of a business organisation may not necessarily be the owner but most of the times the owner of a business could be the manager, but whatever the case maybe a business cannot succeed without the existence of a manager .
 

Abigael

Valued Contributor
Management is very important indeed for every business. Without it, a business is doomed to fail terribly. Therefore, at the beginning of business, the owner should ensure that they have proper management skills or personnel.

Management in business comprises of three main areas; human resource management, financial management and project management. For a large scale business, all these are managed by different experts in that particular field.

Human resource management involves managing the workers. Someone needs to be in charge of hiring, firing and making routines for all workers in the workplace.

Financial management involves managing money. There should be a qualified accountant who does this job with honesty.

Then there is project Management. The officer here is in charge of managing the achievement of business goals and objectives. This is by setting them and assigning people duties according to their skills and abilities.

When all these three management happens consistently in a business, there is possibility for the business to be successful.
 

Mastergp

Verified member
Every thing needs a leader to controls it affairs positively, and when it being control some issues that tends to appear and they eventually disappear because of the effort such leader put in place to eradicate such issue.

So in a business the management are important group of persons that over sees the excesses or day to day activities of a business, without them such business wouldn't move smoothly, and it won't be nice to set one with setup up the other because each of this group have their different responsibilities.

And each of this department has a head that oversees their activities.

This management put heads together to ensure their businesses moves smoothly, and if the business doest move according to plan it might fall and all responsibility will be pointed to the management because they made spoor control of that business, to. Be a management team one must pass through different stages so that he could have experience or knowledge when he is running as a management team.
 
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