Functions Of Business Management

Apr 21
2010



It has been said that leaders do the right thing and managers do things right. While this is a subtle distinction between leaders and managers, in business, it can be the determining factor between failure and success. Unfortunately, it is one that often goes disregarded. Typically, the term management refers to the actions involved in four common functions of business: planning, organizing, leading and coordinating of resources. In order to better recognize and fully appreciate the functions of a manager and how they operate, one must first understand what the basic functions of management are.

Whether the system is an organization, department, business or project, the planning process typically includes similar activities that are carried out in some sort of sequential order. Often, a plan is implemented in a cautious and well defined manner. Part of the planning process involves some sort of organizational behavior. Organizing is typically viewed as activities utilized in an effort to collect and configure resources in order to implement plans in an efficient fashion. The role of an organizer involves a broad set of activities, and is often though of as one of the major functions of a successful manager. Organization can span many aspects of business.

While organization plays a crucial role within the management ranks, leadership and the ability to lead people must not be taken for granted. A leader can be thought of as someone who provides direction in an effort to influence people to follow a certain direction. Managers are individuals who are able to motivate by using a variety of well established methods such as facilitation, coaching, mentoring, directing, and delegating. Managers that have the ability to lead do so with a wide variety of styles. A great leader must be able to evaluate his or her resources and leverage them accordingly.

In today’s business market, managers are in high demand. The world has an endless amount of work to be done and needs all the help it can get; however, one must remain cognizant of the fact that management is not simply a job, but rather an art form. Globally, people can be managed in a similar fashion. The skills of a superior manager remain the same across board. If one can master the four management functions of planning, organizing, leading and coordinating of resources, their opportunities are endless.

By: Alan Barnes

Environmental Sustainability – Integrating Development with Conservation

Dec 05
2009

With more and more people addressing climate change and future environmental concerns, it has become crucial for companies to incorporate sustainability policies. Nobody can deny the significance of balanced environmental and social aspects. By embracing environmental sustainability, companies can maintain qualities highly valued in the physical environment. It can be of great help in creating a balance between the protection of natural systems and economic development.

Benefits of environmental sustainability vary from one group to another. As far as consumers are concerned, this concept can help in reducing negative environmental impacts within the society. It will not only enhance public health but also make people more aware of serious environmental issues. At the same time, organizations can also reap tremendous benefits through environmental sustainability. This concept can not only help them fulfill statutory obligations but it can also prove effective in recognizing potential health risks.

Almost every business organization needs to adopt sustainability strategies in order to protect the environment. It should include reduction in the usage of physical resources and selection of renewable resources. If an organization manages to do good work by adopting the modern approach of recycling everything and redesigning products to reduce production of toxic materials, it can enjoy a strong standing in the market. This concept brings along several business benefits that can be implemented to enhance the organization’s image.

In the last few years, environment has become a key issue for countries all around the globe. Due to strict pollution targets, companies dealing in environmental solutions have witnessed the emergence of several new opportunities. In a larger perspective, environmental sustainability can be considered an effective base for sustainable development. Apart from profit making, companies also need to take climate change, environmental impacts and inputs into consideration for sustained growth. It is essential to encourage more companies to do good work and improving the quality of life for people all over the world. They need to follow the concept of meeting their present needs without compromising on the needs of the coming generations.  This is possible only when companies integrate conservation with development.




By: Kevin Long

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