Business management is an all-inclusive affair that calls for the application of various business concepts and ideas to make the affair workable and fruitful. In contemporary society, managers and strategic players have an ever-ending responsibility of putting in place measures that will see business ventures achieve their strategic goals besides staying afloat in the murky business environment. The management of any business establishment are mandated to plan, organize, making staffing arrangements, direct and control the affairs of the entities under their charge as part of their key responsibilities.
Planning is a critical step in business management that enables managers to put in place strategies in anticipation to future changes in the business environment as well as in the manner in which business is done ( Soininen, Puumalainen, Sjögrén, Syrjä & Richter, 2015). Planning allows managers to project future happenings and prepare them for the next course of action. Essentially, it bridges the gap between the present and the future. Organizing is another important step in business management as it helps breaks a group of activities in bits for the purpose of allocating resources that minimizes costs while at the same time maximizing profits. Organizing creates an activity-authority relationship that drives the objectives of an establishment to fruition.
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Staffing is an integral part of the success of any business establishment. For effective business management, staffing helps in laying down functional relations that are related to established positions within an organization. Staffing allows organizations to have competent, adequate, and qualified people that can fast-track the fulfillment of organizational goals, thus enabling business entities to stay afloat in the murky business environment ( Soininen, Puumalainen, Sjögrén, Syrjä & Richter, 2015). On the same breath, directing is a very critical aspect of business management as it enables managers to drive the agenda of an organization. Directing is essential to management as it enables the integration of individual efforts of the employees with the objectives and interests of the entire organization. Directing is the basis for employee motivation that enables them to stick and strive to accomplish the objectives of a business entity.
In business management, controlling is a central aspect of ensuring that the projected course of action is undertaken and that all the employees conform to their expected roles ( Soininen, Puumalainen, Sjögrén, Syrjä & Richter, 2015). Without controlling, it is easy for an organization to derail itself from achieving its goals. Controlling, as the role of a business manager, enables the various departments of an entity to work together seamlessly towards a common goal. As a manager, I have witnessed first-hand how the application of proper communication skills, coordination, and delegation has enabled the establishments that I have led to making remarkable strides. Applying an open-door policy for my workforce has opened room for free communication and sharing of ideas that has helped made it easy to drive the agenda of the entities that I have taken charge in my lifetime ( Soininen, Puumalainen, Sjögrén, Syrjä & Richter, 2015). Coordination of different departments while instituting managerial directions has enabled me in the past to keep track of processes, thus being able to be in charge of all activities.
A blend of the coordinating philosophy in management together with the delegation of duties to my junior staff enabled me to muster confidence in my workforce, thus motivating them a great deal to optimize their performance. At the end of the day, I trust that applying the aforementioned management skills and principles can drive a business establishment to success and ultimately empower it to be able to thrive in a competitive business environment.
References
Soininen, J., Puumalainen, K., Sjögrén, H., Syrjä, P., & Richter, C. (2015). What drives entrepreneurial orientation in small firms? The roles of owner-manager and financial conditions. International Journal of Business Excellence , 8 (1), 85-103 .
