Business Management
Business Management operates through various functions, more often
classified as planning, organizing, leading/motivating, controlling and
resourcing.
Planning - deciding what needs to happen in the future for the
organization and generating some plans for proper action.
Organizing - making optimum use of the resources such as human
resources, financial resources, technological resources, and natural
resources. These resources are mainly required to enable the successful
carrying out of plans.
Leading/Motivating - exhibiting skills
in these areas for getting others to play an important and effective part in
achieving goals or plans.
Controlling - monitoring - checking
progress against every plans, which may need some modification based on
proper feedback.
Resourcing - encompasses the deployment and
manipulation of HRIS, financial resources, natural resources and
technological.
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