Business management is a vast subject and it is impossible to cover all its' aspects in one shot, however, it is not difficult to learn the basics to avoid confusion that starts when one lacks the basics.
Business management and its' purpose.
From the president of the company down to the newly hired employee, business management plays a role of their work-a-day-life.
Presidents, executives, vice-presidents, managers, workers and affiliates - all have different ideas of what business management is or should be.
The one thing out of all which is totally not true about managing a business is that it exists solely to find and correct mistakes in the running of the organization.
The
management should find and correct mistakes but concentrating on this
actually misses the effectiveness of the whole enterprise. So it misses
profit and growth. If the management does nothing but corrects errors,
(1) it does not do its' job jeopardizing the viability of the company,
(2) if there needs to be constant correction, something is wrong indeed.
Business management takes ideas, plans and makes them real. It brings
these plans into fruition through the best possible actions that secure
prosperity.
The management is the mind or thinkingness of the business which uses
the employees and various resources to make their thinks real. They put
them into action. So business management should be able to breathe life
into the company by using creative think resources and by carrying them
out to bring about benefit for one and all.
The think of the business management consists of: (1) caring about the
company, and (2) being attentive to what is happening within it. These
are used in making optimum (best) decisions for the good of the
business.
Management is the thinkingness which is then brought to life by various actions within the business.
Also the management should be concerned with an overall goal. It thinks
in terms of the overall goal for the business and lets this be known to
all employees.
The overall goal is achieved by different activities of employees. The
employees have sub goals or purposes that contribute to the overall
goal and it's up to the management to delegate these sub goals.
A simple example: Joe and John want to be the top hardware store in the
area which is their goal. As the think of the organization they have to
make this goal real through actions.
They secure the locale and hire five employees. One of the employees
runs the store, greets customers, does customer care, etc. His sub goal
or purpose would be no complaints and good service so there would be
repeat customers. The second employee would handle stock, place orders
when necessary and do inventory. The third employee could do marketing
and promotion. The forth person could tackle the books, accounts,
salary, etc. And the fifth employee could clean. Joe and John is the
management, they are the thinkingness which is then brought to life by
various actions of each employee's sub goals to achieve the overall
goal.
You could keep breaking this down. And good management does break big
goals down to simple actions, give each employee a program - a set of
steps they need to do to help the management achieve their purpose, set
up meetings with the employees (care about the business and know what's
going on) to discuss plans, ideas and all further activities.
Be creative, and make it a game. Make your business fun.