Business management: key functions and skills to take your company to stardom

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Definition of company management The first and most necessary thing is to know what we are talking about, which is why we present the following definition: Managing a company is a continuous task over time, which consists of managing the productive resources of the organization to achieve the set goals with the greatest possible efficiency. Management tasks can be carried out by a single person or several, depending on the size of the company. When companies are large, the management department becomes more complicated and different levels appear: Senior management : it is typical of large companies where we have presidents and general directors, along with a team of people who collaborate with them and advise them. They are the most responsible for ensuring that the objectives are met. Middle management : at this level there are factory managers, middle managers and department heads.

Its functions are organizational. Operational management : these are the managers in charge of supervising the production process and assigning tasks. Within the company they are the section or team heads. In any case, each company will have its own management method , so two seemingly similar companies can function completely differently. Obviously Phone Number List  this will depend on your managers, but also on other aspects such as the company culture . After knowing what the management of a company is, we will see what its functions are. management of a company Functions of the management of a company The job of a manager has to be well defined and here we explain their different functions. 1. Organization In the business context, organizing is grouping the necessary tasks that will lead to achieving the company's objectives. The organization is not only about tasks but also about people , therefore it will define the organization chart of the company and the relationships between each of these parts.

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Planning Planning is deciding what is going to be done, that is, making the corresponding decisions to establish the organization's objectives. Within planning is the definition of the methods and strategies to achieve the objectives. 3. Allocation and coordination of resources The company's management is responsible for correctly distributing and using the resources available to it, both in the present and thinking about the future. The resources present in companies are equipment, machines, people, money, infrastructure, etc. 4. Control In the previous points it has been clear that management has set guidelines , therefore it must also control that they are being met . 5. Promote good relations between all employees of the company The company manager or any middle manager must avoid friction that may arise in daily coexistence and mediate in the event that said friction has appeared , trying to smooth out the situation and promoting a good work environment . As we have just seen, management functions are many and it is easy to get lost in them if they are not structured appropriately.