Business management
Management is a subject, which has vast applications. In a traditional way, management is defined as the art of getting the work done. It is a subject of interest to all the managers of a company, who have to deal with subordinates. Business management, as the name suggests, deals with managing the business. The subject being vast, it requires tremendous amount of help from tutors. The student would need to know about basic aspects / functions of management such as
• Planning
• Staffing
• Organizing
• Leading and
• Controlling
Each of these functions has their importance. While planning deals with preparing goals and objectives (both short term and long term) and also exploring various ways of achieving them, organizing deals with arranging of personnel to do the task. The people of a company are its resources and it is imperative to make sure that you get the right type of people to do the task. Prior to organizing, tasks of similar nature need to be defined and grouped together. This makes the job of organizing simpler.
Staffing deals with selection and recruitment of people as well as providing them training to do their jobs effectively. Leading means providing direction and directing people to do the work.
Controlling and planning go hand in hand as after planning, the managers have to monitor the performance and also take corrective actions accordingly. The need for corrective action can appear if the measured performance is deficient. In that case, the manager needs to know what went wrong with the process and devise methods in such a way that the processes are streamlined.
Here are the more detail list of areas we handle:
Nature, significance, principles of management
Business environment
Planning
Organizing
Staffing
Directing
Controlling
Business finance
Financial market
Marketing management
Consumer protection
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