Business Knowledge: Definition Of Business Management

Business Management is a general term for a series of functions such as organizing, planning, commanding, supervising and regulating the production and operation activities of an enterprise.

There are many definitions of management. These definitions are put forward from different angles, and only reflect some aspect of the nature of management.

In order to conduct a more extensive study of management, and not limited to a certain aspect, we adopt the following definition: management is to coordinate manpower, material and financial resources through planning, organizing, controlling, motivating and leading [1], in order to achieve better organizational goals.

Key points of enterprise management: we need to establish an overall system of enterprise management.

The definition of enterprise management has three meanings.

The first meaning

The first meaning indicates that the measures adopted by management are plan, organization and control.

The so-called function refers to the role of people, things or institutions.

Each manager is working on one or more of these functions.

1) the planned function includes the prediction of future trends, the establishment of goals based on the predicted results, and then the formulation of various programmes, policies and specific steps to achieve the goal, so as to ensure the realization of the organization's goals.

The five year plan of national economy, the long-term development plan of enterprises, and all kinds of operation plans are typical examples of the plan.

2) organizational function refers to a structure established in order to implement the plan. To a large extent, the structure determines whether the plan can be realized. On the other hand, it refers to the organizational process to achieve the goal of the plan.

For example, division and cooperation should be carried out according to certain principles, proper authorization should be given, and good communication channels should be established.

The organization guarantees the completion of the planned tasks.

3) the control function is closely related to the planning function. It includes setting up various control standards; checking whether the work is carried out according to the plan and whether it meets the established standard; if the deviation occurs, it should send out the signal in time, then analyze the cause of the deviation, correct the deviation or make new plan, so as to ensure the realization of the organization goal.

It is a good example to explain the control function with the process of launching missiles.

After the missile is aimed at the aircraft, the direction of the missile will deviate from the target due to the constant movement of the aircraft. At this time, the guidance system of the missile will adjust the direction of the missile according to the heat emitted by the jet port at the tail of the aircraft until it hits the target.

4) motivation function and leadership function mainly involve people's problems in organizational activities: To study people's needs, motives and behaviors; to guide, train and motivate people, so as to mobilize their enthusiasm for work; to resolve various contradictions between subordinates; to ensure smooth access to information channels between individual departments and departments.

The second meaning

The second meaning of management definition is the purpose of the first meaning, that is, using the above measures to coordinate the resources of manpower, material resources and financial resources.

The so-called coordination refers to synchronization and harmonization.

If an organization wants to be effective, it must synchronize and harmonize the activities of all departments, units and individuals in the organization. The manpower, material and financial resources in the organization should also be synchronized and harmonious.

Only in this way can we achieve multiple organizational goals in an equilibrium manner.

A car with its main product and well managed enterprise has an appropriate proportion in terms of manpower, equipment, plant and capital. There will be strict rules for every department, every unit and even when each person does what time, when and where to deliver, so as to ensure the production of high quality cars at lower cost.

This is like a good orchestra. Although you play different tones, it is a wonderful symphony.

The third meaning

The third meaning in the definition of management is the purpose of second meanings.

Coordination of human, material and financial resources is to make the whole organization more effective, which is also the fundamental purpose of management activities.