Spacer
 
Spacer
  Business.gov.in Indian Business Portal
An Initiative of India.gov.in
 
 
Quick Menu

Managing a Business
spacer
Managing a Business Promotion
Managing a Business Client Relationship Management
Managing a Business Managing your Intellectual Proficiency
Managing a Business Insurance
Managing a Business Marketing and Sales
Managing a Business Managing your Finance
Managing a Business Regulatory Requirements
Managing a Business Distribution
Managing a Business Managing Human Resources
Managing a Business Taxes
   
 
Managing a Business
Managing a Business
 
Good business management is the key to success of any business house. It is a creative force which helps in the optimum utilisation of resources of an organisation. The process of managing a business comprises several intertwined elements by which the goals and objectives of the organisation are achieved. These elements or functions include, promoting and marketing the product produced by the firm; making the product available to prospective consumers through proper distribution channels; managing the accounts and finances of the firm; protecting its intellectual property, etc. It also involves creating harmony among the working of various departments and divisions of the firm. Managing human resources and managing relationship with the customer's are the most important elements in the whole process of business management.

An entrepreneur with good managerial skills can convert the disorganised resources of men, money, material and machinery into a productive business enterprise. In a modern business, different types of skills are required in order to effectively manage an organisation in a dynamic environment. These skills include:-

  • Technical skills:- refer to the ability and knowledge in using equipment, techniques and procedures involved in performing specific tasks. An entrepreneur must know the skills which should be employed in his enterprise and must understand both the role of each skill employed and the inter-relationship between skills.

  • Human skills:- consist of the ability to work effectively with other people both as individuals and as members of a group. Such skills are required by an entrepreneur in order to win co-operation of others and to build a base for a successful work team.

  • Conceptual skills:- comprise the ability to see the whole organisation and the inter-relations between its parts. Such skills help the entrepreneur to conceptualise the environment and to take a broad and farsighted view of the organisation. These skills include the competence to understand a problem facing the organisation in all its aspects and solving the problem. It is necessary for rational decision making

Managing is a dynamic and an on-going process which continues to operate so long as there is an organised action for the achievement of group goals.

^ Top

 
 
Government of India
spacer
 
 
Business Business Business
 
  Search
 
Business Business Business
 
Business Business Business
 
How Do I
Business Register a Company
Business Register as Employer
Business Complaint with Central Vigilance Commission (CVC)
Business Apply for TAN Card
Business File Income Tax
 
Business Business Business
 
Business Business Business
 
  Help us enhance
Business.gov.in
Tell us what more you would like to see
 
Business Business Business
Business
Business Business Business
 
Tenders
View and Access latest Government Tenders...
 
Business Business Business
Business
Business Business Business
 
 
Patent Information
Business
Copyright
Business
Forms Related to Patents
Business
Forms for Design
 
 
Business Business Business
 
 
 
Spacer
Spacer
Business.gov.in  
 
Spacer
Spacer