Business Management – Human Resource and Time Management
5 (100%) 9 votes

Need For Business Management
There are plenty of businesses that are mushrooming everywhere, but only a few of these businesses will stand the test of time and will be running after a few years. The main reason for the decline of so many new businesses is because of poor business management. If any business needs to survive in this challenging business world, then it is vital for that business to have good business management strategies in place. The business managers or the business owners need to be always on their toes in order to keep their business afloat and get ahead of the competition. There are plenty of business resources that need to be managed properly in order to run the business successfully. Some of the important management skills are being discussed here.

Proper Management Of Personnel Continue reading


Rate this post

Business management involves coordinating activities of various departments of an organization. Functional managers take decisions and implement them through the network of employees. As early as 300BC, Chanakya, famous minister of Chandragupta Empire, wrote Arthashasthra; the bible of management in which he mentioned various techniques, strategies and management theories. Business management helps the organization satisfy a particular need of a customer and thereby make money when the customer pays for the services.

Effective business management is the core of any successful business enterprise. The process involves several interlinked functions by which the enterprise objectives are accomplished. These functions include ensuring the product or service is delivered to the discerning customer; to promote and market the product or service; and to efficiently manage the available finances and above all take steps to protect the intellectual property rights along with many other issues.

Continue reading


Rate this post

Introduction To Business Management
Nowadays various business firms are emerging and striving for the success competing with each others. Business management helps the business companies to gain the success.

  • It is an approach in which the business organizations are made to communicate with their clients in a better way.
  • It increases the efficiency and effectiveness of the business firms along with a better flexibility options.
  • It also helps in developing higher product quality, customer satisfaction and delivery speed.
  • It allows the business firms to visualize strategic functions.
  • It defines the way of the improvement of the business process.
  • It helps in the way of bringing a change to a process.
  • It helps in analyzing the improvement of the business organizations.

Business management helps in better communication in the complex hierarchical level of the business organizations. Many methodologies like six sigma, balanced scorecard, etc are used to develop the business administration. All these strategies fall under the category of business management.

Continue reading