Business Management Assignment Help

1. Process of Management: Management is both continuous and unique process. As, an organization needs solution to his problems on a daily basis. So management starts with planning and ends with control. This leads to a continuous process. It is unique because the presence of management is felt by performance only.
2. Management as a science: Management has all the essential elements of science because it has cause and effect relationship that has universal application.
3. Environmental influence: Management is greatly influenced by the environment whether it is internal or external. Internal environment consist of employees and systems, while external environment includes economic, political and legal.
4. Goal-oriented: All the organizations are concerned towards certain goals. As, achieving specified goals is really important for attaining desired profit to run the business.
5. Multi-disciplinary concept: Management is a multi-disciplinary activity as it borrowed all concepts from economics, psychology, sociology, law and politics etc.
6. Decision making: An effective decision making plays a major role in carrying out the essential tasks of an organization. Management uses inter disciplinary knowledge to take the right decision and make it enforceable. Get the further details on this topic with our business management assignment help.

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In general terms, there are three levels of business management that plays their role effectually in different field.

1. Top management: In the top management, there are managers and higher officials that determine the destiny of an organization. The job of top level management is very complex as they have to work for long hours. They also represent the company to the world outside meetings and internet. The people who comprise top level management are: the directors, president, CEO, and vice president etc.
2. Middle management: In the middle level management, managers are responsible for executing the plans and policies designed by the top management. This level of management doesn’t take major issues of organization. The people that constitute middle management are: head of department, plant manager, and operation manager etc.
3. Lower management: In the lower management, managers help in solving out the queries, answering questions and other day to day problems. The people who are in this management are: supervisor, foreman, and office manager etc.

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In business management, function plays an important role in an effective working of a management. Management function signifies the activities that a manager must perform to achieve organizational objectives. The functions of management are usually denoted as the process of management. Each function of business management is equally important and must be performed one after another. These functions listed below are provided with the assistance of our business management assignment help experts.

1. Planning: This is first and foremost function of management which acts as a soul function of management. Planning in an organization determines the future goals of an organization, their statement of values and principles, their goals (short term and long term), strategies, and objectives, and various tactics such as policies, budget, program and procedures etc.
2. Organizing: In this second function of management, it involves the grouping of activities, dividing into small tasks by defining the authority and responsibility relationship and thus creating an organization to accomplish their desired goals effectively. the process of organization also includes span of management and delegation of authority.
3. Staffing: To enhance the organization activity, the staffing function acts as a protagonist among all functions. It undertakes the following aspects such as recruitment, selection, training, transfer, wage, promotion and salary administration.
4. Directing: Directing includes all the functions of a leader who motivates the underlings towards work to achieve a common goal. The main purpose of directing is to bring out the best from the employees by telling, guiding and counseling them in a proper way. Moreover, getting feedback and interacting with them also helps in getting the assigned job done proficiently.
5. Controlling: This function of management is rounded in nature as it must be repeated until the desired goal is achieved. It includes the measurement of actual performance with the standards and eradicating the errors by taking the correct action.

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When the development continues in the organization, it generally adds new extents to the present management. With the passage of time, many specialized aspects have added by our specialists in business management assignment help.

1. Financial management: It is mainly considered as the life line of an organization as it is related to the financial resources. Important decisions concerned with investments and dividends are taken by top managers from finance department.
2. Marketing management: It plays a significant role because it is related to the customers and thus involves sales, market communication, product management, and distribution etc.
3. Operations management: It usually deals with the conversion of available resources into goods and services. The nature of operation can vary from company to company.
4. Human resource management: The department that carries out the most important function of an organization is human resource department. The primary responsibility of this department is to choose a right candidate from the bunch of people to boost productivity of an organization.
5. Administrative management: The administrative management is mainly comes under the general manager. A manager doesn’t know much about each and every function, but still manages the actions of specialists.
6. Other management: Some of the organizations have other positions such as advance management, public relations etc. These positions don’t have any link to functional area of an organization.

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After getting into the concept of business management, it is necessary to take out the numerous skills required to be a successful manager. These skills are mentioned below:

1. Technical skills: To be a successful manager, technical skills are a must. As through this, one can understand how the work is done.
2. Socio-political skills: Another aspect that is most important to be a successful manager is social and political skills. In this, interpersonal and communication must be improved to become a good manager in an organization.
3. Conceptual skills: The mental level and capability of an individual must be quite good to understand different aspects. So, to become a successful manager, conceptual skills is a must.
4. Problem solving skills: To become a successful manager, one should possess the ability to identify a problem, define a problem and find a solution to the problem.
5. Time management skills: Last but not the least, here comes the time management, which is the most crucial one. To be a good manager, one must execute the assigned work within a given period of time.