Business Management Essay Example | Topics and Well Written Essays - 500 words - 5

Business Management - Essay ExampleWhen comp ared to large numbers of changes occurred oer the last few decades in technology, lifestyle etc. the instruction system and concepts across the world attend to have evolved a little change (Hamel and Breen, 2007, p. 4).Bateman and Snell (p. 14) stated that employment management is the process in which managers are to work with people and other resources with a view to accomplish organizational goals both effectively and efficiently. faculty is related to achieving organizational goals with minimal waste of resources by making best possible use of people, time, capital and materials. Effectiveness refers to achieving organizational goals in a way that desired and expected results are gained.Managing a business takes a number of different segments and sections such as human resource management, financial management, grocerying management, knowledge management, total quality management and so on. Since the contemporary business context s are influenced by major economical and market forces such as globalization, technology advances, competition etc. organizations are increasingly giving grandness to certain management segments so as to maintain competitive advantage and to compete with other market players. As management is basically the process of managing resources in a firm and getting things done through people, process or technology, different organizations follow different management styles.The management process in a business organization is comprised of the very basic four elements such as planning and strategizing, organizing, leading and dictatorial and decision making (Gomez, Mejia and Balkin, p. 5). These basic four elements are typically very prominent at nigh all different organizations and these are widely used worldwide for effectively managing the resources. These four basic components of management are also the key elements in all other