Managing A Successful Business Management - 1244 Words

There are many challenges to running a successful business. Management in a business takes careful planning, organizing, leading, and controlling the organization’s resources. A big part of having good management in a business is having exceptional managers. Managers need to be efficient and effective. To be an efficient manager you need to use your resources people, money, and raw materials. To be effective managers need to achieve results, make the right decisions, and successfully carry them out to achieve organizational goals. Managers have four main functions they carry out in the management world. Managers plan which requires setting goals, and decide how to accomplish them. They need to organize which means they arrange†¦show more content†¦Top managers are going to be the Board of Directors (BOD) and the Chief Executive Officer (CEO). Chief Executive Officers are also known as General Managers (GM). They determine the objectives, policies and plans o f the organization. They prepare long term plans and have the maximum authority and responsibility. Middle managers are the Department Heads (HOD), Branch managers, and the Junior Executives. These managers give advice to the top managers, and executes the policies and plans. They also prepare short-term plans and co-ordinate the activities of all the departments. The lower level managers also known as the first-line managers are the Foreman and the Supervisors. They direct workers, develop morale, and maintain a link between the other levels of management. As a general, there are roles all managers must do successfully. When they rely more on verbal communication than written communication. When they also work long hours at an intense pace. Also when they work by characterization by fragmentation, concise, and diverse. There are also three different types of roles managers do. Interpersonal roles are when managers interact with people inside and outside their work units . Informational roles are when managers receive and communicate information. Decisional roles are when managers use information to make decisions to solve problems or take advantage of opportunities. Besides tasks, and roles