Great Essay on Hamlet

HSC BUSINESS STUDIES TOPIC 1
BUSINESS MANAGEMENT & CHANGE
1. The Nature Of Management
Managers requisite a range of skills to be effective in managing each the resources of a transaction.

Management the coordination of resources, including human, physical, information and financial resources, to ensure streamlined and effective completion of tasks to meet the business goals. It is about getting things done with and through people using the four basic functions.

The functions that need to be performed and adjusted as necessary by management are:
? Planning establish strategic, tactical and available plans by allocating resources in a way that works towards the goals of a business
? Organising implementing the plans through establishing procedures to make the plans a reality
? Leading motivating employees to compass the goals of the business
? Controlling monitoring and evaluating performance and adjusting plans and procedures where necessary

Managers are held accountable for their actions and hence aim to be both effective and efficient:
o Effectiveness the degree to which a goal has been achieved by make the right decisions at the right time.




o Efficiency looks at the amount of resources needed to achieve a goal. It is often the solvent of effective management by maximising output with nominal inputs (productivity).

An effective manager will be proactive and jakes use a limited amount of resources in a changing environment by making the right decisions at the right time. This is more than essential today given the change magnitude competitiveness in international markets. Effective management is more likely to impact on the success of a business than external factors.

Management Roles
Managers have a number of roles that merchant ship be grouped together as:
? Interpersonal duties that collect dealing with people and the relationships between people. It is about communicating, leading and...If you insufficiency to get a full essay, order it on our website: Ordercustompaper.com



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