Business Management

First, management is a process of planning, organizing, directing, staffing and controlling a business. Secondly, management is a body of people that plans, organizes, directs and controls the affairs of a business.

It is in this lucid manner that this book will teach you business management.

It clearly explains the sterling functions of management. They include planning, organizing, directing, and controlling of a business.

It analyzes the distinctive aims and objectives of a business. They include profit making, consumers’ satisfaction, suppliers’ satisfaction, employment creation and high quality products.

It appraises the sterling resources of a business. They include the management, employees, producers’ goods and opportunities.

It identifies the organizational structure of a business. It points out the types of organizational structure like the line structure, functional structure, line and staff structure and committees.

It explores the departmentalization and job specification in a business unit. It throws light on the functions of the board of directors, managing director, production manager, marketing manager, chief accountant, personnel manager and purchasing manager.

It examines the delegation of authority in a business unit. It sheds light on the good and bad sides of delegation of authority.

It discusses the span of control in a business unit. It outlines the distinctive factors that determine the span of control.

It analyzes the business functions. It casts light on the distinctive functions of a business. They include production, marketing, finance, and recruiting, selecting and posting of workers.

It identifies the business environments. They include the legal, political, economic, socio-cultural, and technological aspects of business environment.

And it lays emphasis on the social responsibilities of a business. It explores the various ways of discharging the social responsibilities of a business.