Principles of Business Management Essay by JPWrite

Principles of Business Management
A discussion of business principles and how to manage change.
# 64019 | 2,473 words | 8 sources | MLA | 2006 | US
Published on Feb 22, 2006 in Business (Management) , Business (Human Resources)

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This paper discusses business principles that most effectively handle a constantly changing business environment. The paper explains that companies that evolve with the times are the companies that are most likely to succeed and that, in order to evolve with the times, companies must practice business principles that take into account both environmental and human factors.

Table of Contents
Functions of Management
Understanding Management
Human Relations
Human Resources
Behavioral Sciences
Recent Historical Trends
The Learning Organization
Corporate Culture
Environment and Culture
Symbolic Leadership
Managerial Ethics

From the Paper:

"According to Daft (1997:8) there are four management functions: planning, organizing, leading and controlling. These are all functions that a manager needs to perform at some stage of the management process. Planning involves defining goals, and selecting tasks and resources in order to reach these goals. Organizing is the next step. The selected tasks now have to be assigned to the relevant work force, tasks are also grouped into departments, and selected resources are allocated. The next stage, leading, largely involves motivation. The workforce needs to be motivated so that organizational goals can be achieved. Controlling is a process that is used throughout the other three functions. This is a monitoring process during which employees' activities are assessed. The manager determines whethe the organization is moving towards its goals in an acceptible manner, and if not, what needs to be done to rectify the problem."

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