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How A Business Is Managed

Decent Essays

In order to understand how a business makes money and gain so much income in an unstable and changing economic like today, we must look at how a business is managed. Success in a large corporation or even a sole proprietorship business requires a strong leader. A manager with the knowledge and experience needed to obtain not only revenue but to help establish a name for the growing business. There are many ways to run a retail store and some styles are better than others but when you have a whole team of motivated employees, you can easily get your tasks done and earnings met. For instance, in this research I will be comparing how two managers who manage the same company runs their store differently. The style and way they choose to run …show more content…

That aside, I’ve been able to travel with the company working in two different states and have seen that the foundation to the booming cooperation was due to good managing. Although the styles of the two managers were different at both stores, they were still able to meet store monthly revenue goal. With that said, Managers should be trained with proper knowledge in hiring, marketing strategy and employee relations because good managing equals a successful business.
Hiring good employees is important for any type of business. Employees are hired to keep a business from failing. A business cannot function if there is no one working and transacting to help the managers. Managing is planning and finding new ways to do business better whereas an employee would complete tasks assign by management. When a new employee is hired, more expenses goes out to train and test the new hiree. So imagine if you have a bad hire that would be another extra loss of expense. Also, a good employee would have to do extra work to make up for what the bad employee isn’t doing, that puts your good employee at risk of leaving the company. For example, my brother is a manger for a clothing company. He manages over thirty employees during a night shift. He tells me that when one employee doesn’t do a job that was assign another employee has to do it. He adds

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