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Chapter 7 and 8. Management Activities-all logical steps A-B-C - Coggle…
Chapter 7 and 8. Management Activities-all logical steps A-B-C
A- Planning
-Setting Goals for a business to achieve
Then make plans that can be broken down into
Tactical
- 1/2 yrs
Operational -
1/2 moths
Strategic
- 5yrs +
Contingency
- emergency plans
Do a
SWOT
analysis 1st, to work out...........
Weaknesses
- inside the business
Opportunities
- outside of the business
Strengths
- inside the business
Weaknesses
- outside of the business
Then implement plans through
organising
B-Organising
-Using resources and humans to achieve goals set
4 ways
to organise a business
Matrix
Geographical
Functional
Product
Then check performance against plan -known as
Controlling
C- Controlling
-4 types
2- Stock-
not having too much or too little
3- Financial-
figuring out Gross and Net Profit
1-Quality
- ensuring goods are of merchantable quality
4- Credit-
ensuring you can pay your debts as they fall due.