Business Management – Managers Should Have a Comprehensive Plan
Management is the management of an entire organization, whether it’s a corporation into a nonprofit organization, or governmental agency. The term ‘management’ can also be used to refer to the process of getting goods produced and delivered, which can include administrative tasks like planning, production scheduling, inventory control, marketing planning, promotion, advertising, finance and accounting. The management of a business therefore covers a wide area and is often referred to as ‘control’. The most common type of management found in businesses is called the command model, meaning that the company is led by a single powerful manager. This manager may be based at the top of the organization in a position of power or may exist within the various levels of the organization working as a manager of people. This model is very popular in businesses where there is direct competition, because the leader is able to direct and influence employees to increase their output.
Managers can also be direct administrators, who exercise control over other managers and the organization as a whole. Direct administration is very powerful, since the manager has the ability to influence the production and sale of products within the business and can often exercise control over important parts of the enterprise budgets. There are many forms of direct administration, including: The traditional top-down manager styles such as finance, human resources, and marketing departments. Under the alternative leadership approach, there are also many types of indirect administrators such as the: General Manager, Marketing Manager, Finance Manager, Production Manager, Customer Service Manager, Accountant, etc.
Control is required in all organizations, and in all the different types of management. Management must be comprehensive, covering all aspects of the business. In order to perform adequately, all aspects of the organization must be covered, with regular checks and balances performed on the performance of the enterprise budgets. This Annual Business Plan gives business managers an opportunity to cover all of the areas necessary to make sure the company is meeting its objectives.
Budgets are always a problem in any type of management. If you do not have a complete budget then you are not prepared to conduct business operations. All managers should have their own budget that is reviewed at least once a year. All managers should be involved in the process of preparing the budget, but some business operations do better when a manager or supervisor sits down regularly to review the budget.
If your organization is ready to begin using the annual plan, it will help to consult one of the business management software packages. Most software packages offer an entire set of modules that include the management of enterprise budgets, human resources, marketing, and control. These modules allow you to create your own unique budget. This will allow you to customize your business operations to meet your unique needs.
Some of these software packages also provide managers with access to human resources, sales, production, accounting, and shipping processes. Human resources assists in recruiting, hiring, training, and management of employees. Accounting includes financial statements, the reporting of business transactions, and obtaining funding from banks, creditors, and suppliers, while manufacturing and sales management include production planning, material planning, purchasing, production, and selling procedures and policies.