Everyone can run a business, as long as they have capital they can start a business. However, whether the business that is run can run well is another story. In business there are many components that are arranged in order to achieve common goals and gain profits. Business can run well because in it there is a system that runs well. Generally, the system is related to good business management followed by continuous innovation. In short, business management must exist in every business, even though it is on a micro scale.
Definition of Business Management
Business Management is a process of planning, organizing and controlling any activity, including business. This is done to achieve common goals effectively and efficiently through the utilization of resources.
Meanwhile, business management is the process of planning to controlling business activities carried out by utilizing all available resources and maximizing the results obtained.
In short, business management is a regulatory activity in various sectors owned by the company effectively and efficiently to get maximum results. Everything can run well if there is good cooperation in the system and not working alone.
Types of Management Required for Business
There are many components within the company and each section has different management or arrangements. In general, management in business is divided into several things below.
1. Financial Management Financial
management is a financial arrangement made to balance inflows and outflows. All matters related to finance including sales, purchases, payables, and receivables must be properly recorded to facilitate inspection and preparation of financial statements.
2. HR Management
In a large company there must be many people who will work and be directly involved in it. If everyone does not have a system to regulate, chaos will occur. For example, you don’t come on time so you can’t do the job according to the job description given.
That’s why there are jobs for managers to people in the HR department. The existence of this work will facilitate the management of human resources owned. Without a good arrangement, the goals or targets of the company will be difficult to achieve.
