A Note on Business Management

Wahyu Trinarningsih^*
*Correspondence: Wahyu Trinarningsih, Faculty of Economics and Business, Universitas Sebelas Maret, 57126 Surakarta, Indonesia, Email:

Introduction

Business management is the coordination and organization of business activities. Business managers oversee operations and help employees reach their top productivity levels. A business manager may also supervise or train new employees, help a business reach its operational and financial objectives A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations [1,2]. Business types range from limited liability companies, sole proprietorships, corporations, and partnerships.

The nature of management involves organizing people in groups and managing them. It requires different levels of empathy, understanding and dynamism. In addition to taking care of social and emotional well-being, the process involves developing, motivating and retaining employees.

About the Study

Types of business management

• Marketing management

• Sales management

• Human resource management

• Strategic management

• Production management

• Program and project management

• Knowledge management

Business management definition is managing the coordination and organization of business activities. This typically includes the production of materials, money, and machines, and involves both innovation and marketing. The fundamental of business management takes a great deal of business knowledge and experience across six functional areas: accounting, finance, operations, human resources management, marketing and strategy. Business management [3-5] allows you to build up a good understanding of business organizations and give you the knowledge of the subject-specific areas such as customers, markets, operations, finance, information, communication, technology, business policy, and strategy Some people think the best way to evaluate a company's future and current worth depends on the experience and quality of the managers.

Conclusion

The goal of management is to get people together to achieve the same desired objectives and goals by using the resources that are available in an effective and efficient way. Customer service and customer experience are major focuses of the most successful businesses. The first step is creating products and services that customers want. But focusing on customers goes beyond your products. Customers are tired of dealing with companies through phone menus and automated chat bots. The Goals of a Business. The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility. Business can positively influence how society operates.

It can build and maintain social capital through its core operations; the goods and services it provides; and the activities supported through increasingly global and complex supply chains. The advantage of studying business is that you build skills that are useful in any professional field, such as competencies in analysis, finance, planning and strategy. You also develop the ability to present different kinds of information clearly and logically. The stats on business graduates are encouraging. It provides the academic knowledge and skills to pursue global career opportunities and helps you develop a broad understanding of businesses and specific areas such as finance and human resources.

References

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