Business Management

Management is the process of coordinating businesses resources to achieve the goals of the business. Human resources Information resources Physical resources Financial resources A manager is someone who coordinates the business's limited resources in order to achieve the business's specific goals. Effectiveness measures the degree to which a goal has been achieved Efficiency weighs the resources needed to achieve a goal against what was actually achieved. Main management functions Planning Organizing Leading Co-coordinating Controlling Managerial …

…loss statement and balance sheet Setting achievable goals Creating culture for change Change models Force-field analysis Driving forces - those factors which initiate and support change Restraining forces - those forces which act against change Unfreeze/change/refreeze Unfreeze - prepare for change Change - the change begins Refreeze - the change is reinforced. Change and social responsibility - Ecological sustainability - Quality of working life - Technology - Globalization and cultural diversity - E-commerce