Business Management
The main purpose is to achieve the objective of organization
The definition of management:
1. The ART of getting things done through people
2. The process of PLANNING, ORGANIZING, LEADING, and CONTROLLING the effort of organization member and using all other organization resources to achieve stated organizational goal
3. Profession which requires a certain requirement, 3 skills:
1. Conceptual competent
2. Social (human interaction) competent
3. Technical competent
PLANNING
1. Defining goals
2. Estabilizing Strategy
3. Developing some plans
4. Identify the activity
ORGANIZING:
1. Determine what needs to be done
2. Determine how it will be done
3. Determine who will do it
LEADING:
1. Directing and motivating
2. Resolve conflicts
CONTROLLING:
1. Monitoring activities
Business is change something with something
RESOURCE: Human, Material, Machine, Money, Information
ENVIRONMENT: Suppliers, Customer, Organization or workers, Financial society, Government
Business firm view:
1. Traditional view: Business as Economic and sociopolitical institution. (interact with people, in only transaction)
2. Systemic view: Business as multipurpose institution
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