Business Management

Business Management Free Essay Sample

A business manager is an individual who is responsible for leading, supervising, mentoring and motivating other members of the company for the success of the company. The business manager is involved in business planning as a continuous activity throughout the course of the business. Business planning is comprised of all the strategies, actions, and goals that a manager envision taking for his or her business to survive and grow. In the field of business planning into two topics namely: the contingency business planning, and profit-making business planning. Contingency business planning is centered on dealing with an unstable situation that the business can possibly encounter (Reading 330). An implementation plan is created to deal with any new emergency, information or new event. The profit-making business planning is comprised of what can be done to establish and run a business successfully (Reading 331). A business plan is classified under profit-making business planning. Once a business has been established and officially started, the profit-making business planning usually focuses on specifying and meeting targets and goals. If done consistently and frequently, business planning leads to successful business. Managers are at one point faced with shortcomings which they need to overcome in order to ensure a successful business.

Managers, especially new managers experience a number of challenges while they are discharging their duties. One of the shortcomings that new managers exhibit is to have less faith in other individual’s abilities and in some cases little faith in oneself to control others and ensure that things are done (Reading 344). Some managers do not seek assistance from other stakeholders but instead they retreat back to what they already know and try to carry out all the duties themselves. An experienced manager is likely to successfully delegate duties and ensure that they are done with minimized fuss. It is therefore very important for a manager to learn more in order to overcome the possible shortcomings that are encountered during when they are carrying out their duties. A manager can acquire knowledge from formal courses; learn from role changes; and from others, especially when they behave as role models.

This will ensure smooth running of businesses and therefore maximizes the expected benefits. New managers need to be aware of the following necessities: proper identification of team goals; identification of the team’s strengths and shortcomings; building team spirit and enthusiasm; identification of the newly recruited individuals; training the team; being proactive in identification and handling of problems; and should be able to plan ahead (Drucker 534). However, these are the strengths of most of the experienced managers and since they repeatedly apply them in the course of discharging their duties, their business run smoothly and lead to maximum benefits. When individual successful discharge his or her duties successful, he or she is usually recognized and promoted as a way of motivation.

Promotion and recognition are therefore expected when one plans his or her duties well, develops the positive attitude towards his or her work and other workers, and doing is or her best while discharging given duties. Through planning, individuals are enabled to know their strengths and weaknesses. Most people get promotions easily because of the sense of pride that they have in their work and because they perceive their challenges as opportunities. An individual can also get promoted because he or she does more than necessary. Bosses promote those individuals who can assist them solve problems. Therefore for an individual to get recognized as well as promoted from one level to another, he or she will need to seek out such experiences as recognizing his or her strengths and weaknesses, developing a sense of pride in his or her work, and doing work more than necessary (Drucker 547). Self-improvement plans depending on the principles of development are significant in ensuring promotion and recognition.

An individual can undergo self-improvement if they effectively follow Henri’s 14 management principles. Division of work enables workers to perform more than necessary because they are delegated those duties they are best in. Authority ensures that workers are responsible and accountable for everything they do. Discipline ensures that individual conduct themselves with respect while at the workplace. Remuneration influences motivation of workers and therefore benefiting the organization. Espirit de corps ensures that there is a good relationship between workers and therefore they can be able to consult one another to effective carry out their duties (Kreitner 35).

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