Managing A Successful Business Management

1244 Words Dec 14th, 2015 5 Pages
There are many challenges to running a successful business. Management in a business takes careful planning, organizing, leading, and controlling the organization’s resources. A big part of having good management in a business is having exceptional managers. Managers need to be efficient and effective. To be an efficient manager you need to use your resources people, money, and raw materials. To be effective managers need to achieve results, make the right decisions, and successfully carry them out to achieve organizational goals. Managers have four main functions they carry out in the management world. Managers plan which requires setting goals, and decide how to accomplish them. They need to organize which means they arrange tasks, people, and other resources to accomplish the work. They also control which means they monitor performance, compare it with goals, and take corrective action as needed. Another function managers do is lead. They motivate, direct, and influence people to work hard to achieve the organization’s goals. The organization’s goal is the overall objectives, purpose and mission of a business that have been established by its management and communicated to its employees. There are levels and areas of management in a business. There are four levels which are top, middle, first-line, and no managerial personnel. The areas are marketing, finance, production, human resources, and resources and development. The managers in each level have…
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