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BUSINESS MANAGEMENT - Coggle Diagram

- - - - Correct management in a company is considered of utmost importance because it allows us to create a global market structure and therefore a greater demand for quality and services in products.
        Properly managing a company implies achieving joint efforts, meeting the goals and objectives set, and obtaining satisfactory results.
        
        These three stages allow us to achieve success in the company or organization, and to maintain it. There are certain fundamental guidelines that entrepreneurs or administrators must take into account to properly manage a business, such as:
        • Take care of clients and collaborate with them.
        • Find the clients that are necessary.
        • Find out what our customers want and find out what their needs are.
        • Functions of business management and what they mean.
        • Planning.
        
        Organization
        Once you know what you already want to do, when you want to do it, and where you want to do it, you need to get organized. The organization is the essence of all business management. Delegating the relevant tasks to the relevant people will be the first action you will need to take to achieve a proper organization, in addition to this you may have successfully organized the business operations that you will carry out on your current day, in the week and even in the month.
        Personal
        The staff of your company is one of the most important business management functions, if you choose the right person for the right job, and if they have the necessary tools to do the job, you can see that they manage your company efficiently. The relationship with the people you work with has a strong influence on the way they work.
- - - - What actions to take?
        Above all, to design and plan the corporate strategy of any company, the following points should be considered:
        
        Integration
        In the first place, integration is the process in which two or more companies are united in one, in order to become stronger and more competitive by taking advantage of the advantages that each one has. Integration can be horizontal or vertical
        
        Strategic alliances
        Next, companies make strategic alliances with other companies to obtain the help and cooperation of business partners to help them streamline their processes and reduce costs.
        
        Diversification
        For its part, the diversification process takes place when a company enters other business areas, introduces new products or enters other markets.
- - - - Academics and researchers in their capacity as psychologists, economists and sociologists as well as managers, businessmen, consultants and practitioners in general, have made the study of the organization a heterogeneous compendium where, in the best of cases, each of them you have made a primary variable selection that "makes a difference."
        
        The Organization and its Context.
        
        The Organization and its relationship with the "Macro".
- - - - Clear Definition of Functions
        Every company must have a manual of functions, especially those that are large, since in this way a control is kept over the functions that the personnel that make up the company have. It is an effective tool to help develop a company's strategy, since it determines and defines the fields of action of each work area, as well as each job position.
      - Establish a Process Map
        The development of a process map is an extremely important facet of managing an organization. A complex abstraction exercise must be carried out, to clearly define the interactions that each job position has with the different departments, areas, external actors, etc.
        Prepare an Operating Manual.
        An Operations Manual is one of the basic tools that every business must have, no matter how large or small it may be.
- - - - Association with a community
        Businesses must also work together with local communities to build services that meet public needs.
        
        Sporting Goods Business Example
        The small business plan is another place where examples of strategic policies can be found.
        Example of environmental policies
        A small business can also use its environmental policy as a way to promote its company as socially responsible. For example, a business owner may decide to change how water is used.
- - - - The F.O.D.A (Weaknesses, Threats, Strengths, Opportunities) analyzes provide the appropriate framework to assess the company's situation at all times. These studies allow entrepreneurs to identify all the functional areas of the company in which there is a normal situation, such as:
        • Sound financial structure.
        • Penetration of our products in the market.
        • Climate and morale of employees and workers.
        • Range of products, etc.
        
        One way to understand the mission and the economic capacity to carry it out is by forgetting the previous actions of the company and clearly arriving at the new essential promotional designs, which is where the company must base its new strategy.
        In other words, get to the heart of the matter. Diversification should only take place when core or core operations have been fully explored.
      - DECISION-MAKING IN AN EFFECTIVE CORPORATE PLAN
        When management consultants analyze the objectives of a company, whether newly created or already established, we question whether the strategic direction of the same should continue to be exercised in a self-critical style or, on the contrary, following the line drawn by the moments current, we should recommend a participatory strategic direction.
- - - - Strategic business management level
        This level corresponds to the general vision of the state of the market and the generation of strategies that allow the company to adapt to its changes.
        Tactical or Technical business management level
        Participation, as has already been advanced, is much more limited in this case. The departments are in charge of developing the first level strategy, which they achieve by developing tactics.
        Business management level Operational
        The last level is the staff's implementation of the tactics of the previous level. The plans they devise are short-term, lasting a few months, and focus on very concrete actions.
- - - - And, in turn, internal communication can also be divided into vertical downward communication, vertical upward communication, and horizontal communication.
- - - - KEY CONTROL TASKS
        Every production process has a maximum level of action to achieve. In most cases the levels are known and their characteristics can be easily measured and controlled.