Business Management Theoretical Framework

Business management will be very useful when you engage in business activities. Management itself is the science related to various aspects related to the setting, design and supervision of a project as well as business. The term comes from the word management in the Italian language is manggiare or control that has meaning. According to Parker foler Marg, management is the art of getting things done through other people's work. The art is also a way to reach a certain goal that can benefit the entire organization as well as some of the parties. In addition, management is also taken from the English words that have meanings that manage organize or manage.

Business is defined as a type of activity that aims to sell a product - a product in the form of goods and services. It can be concluded that the definition of Business Management is an activity to regulate the sale of products in order to generate profits of magnitude on the perpetrators. Business management is useful to help businesses in its business so as to avoid the risk of getting losses in the business.

business components

Business includes several components that are related and connected to one another. The components of the business include business management, branding, services and products, and customer relationships. Business management is a major component in a business to be successful. The management has the objective to plan, manage and run a business. Another component of the business is branding. Branding or brand manufacture is an essential component to give the image of the business that will support the achievement of business success. When done properly manufacture the brand, it will be a lot of potential customers who are interested in the item.

Quality brands will also determine consumer confidence will affect the revenue and profit can be made from the results of the business. the brand also has an emotional effect on society, which can give the impression of a brand and a different point of view regarding the goods and manufacturers. Services and products are also included in the scope of business management. Services and products are components in a business that is offered to the consumer and the market. The next component is the business partner, namely the parties involved in the implementation of the business and was instrumental in achieving success in business objectives. The next component is also very important in business management is the customer. Customers as consumers of goods and services offered by a manufacturer to market has an important role in delivering benefits to the company. More and more customers will certainly be more and more benefits of a manufacturer.

Business management planning

To be able to achieve the right business success, it is necessary business management planned carefully so as to drive the business in the right direction and anticipated losses that may be faced by a business. Starting a business management plan is not only located on the capital. Many capital or at least does not guarantee a business will be successful with the right. but with proper management, you will get business conduct efficient use of available capital. To achieve efficient business management planning, there should be a careful calculation of the existing capital by adjusting to the operational activities of factories or companies until some time in the future. Make a proper long-term budget would be very appropriate in helping the company in order to achieve success.