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Business Management Essay

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Business Management Essay
Date : 14 February, 2013

Business Management:
Individual Essay

Name: Hiu Man Lai (Yuki)
Class : T1
Tutor: Raja Khan
Word Count : 1318

Q1:

Definition of Management:
According to Joss (2001),a set of rules or strategies are used to control and direct by an organization effectively and efficiency, manpower is involved to work together in an organization to achieve a common mission continuously. Different skills are required and performed by a manager, such as leadership skills, organizational skills, etc. Particular person, in an organization, should shoulder the responsibility and produce results is called manager. Managers require specific experience and qualification, to make any important decisions and lead their teams to accomplish a goal. Management are classified into four levels, they are top managers, middle managers, first-line managers and non-managerial employees respectively. (Oxford, 2009; Joss,2001)

Functions of management:
There is a cycle of four functions of management before achieving the stated mission, they are planning, organizing, leading as well as controlling.

Planning is one of the functions that preparing and evaluating what and how they can improve to do even better. They can plan for the desired achievement or integrate their current structure. Organizing is a way to utilize resources and guide the manpower in a specific way, since investment and employees are very crucial for successful organizations. Leading is the best way to influence and coordinate the workers, as the managers ‘ 'motivate ' ' their ‘ ' left-right hands ' '. Motivation means the managers inspire and persuade them to do their best in a happy way. Controlling is the final step amongst four functions. The managers monitor the current productivity and correct the mistakes or ways they perform. (Tripathi and Reddy, 2008)

Q2:

According to Mintzberg (1990), the managers are grouped



Bibliography: : • Branson,R. , 2007. Business the Richard Branson Way: 10 Secrets of the World’s Greatest Brand Builder. 3rd Edition. Great Britain : The Random House Group Limited. • Brason,R. , 2009. Losing My Virginity : The Autobiography. Great Britain : The Random House Group Limited. • Branson,R. ,2009. Business Stripped Bare. Great Britain: The Random House Group Limited. • Branson,R. , 2012. Like A Virgin : Secrets They Won’t Teach You At Business School. Great Britain : The Random House Group Limited. • Joss,R.L.,2001.Management. Australian Journal of Management, [e-journal] 26,p.89, Available through : London School of Economics and Political Science < http://www2.lse.ac.uk/library/home.aspx> [ Accessed 2 February 2013]. • Oxford, 2009. Dictionary of Business and Management. United States : Oxford University Press. • Tripathi,P.C. and Reddy,P.N. ,2008. Principles of Management. 4th Edition. India : The McGraw-Hill Publishing Company Limited. • Mintzberg,H. ,1990. Mintzberg on Management : Inside Our Strange World Of Organization. United States of America : The Free Press. • Virgin Atlantic,2013. Our Mission Statement. [online] Available at:< http://www.virgin-atlantic.com/en/gb/allaboutus/missionstatement/index.jsp> [Accessed 13 February 2013].

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