Management and Its Role in Business

Management is important in the business world. Managers, especially, have a great deal of responsibility for a company. It is essential that they have management skills; without them, the business would not function effectively and efficiently.

Managers are individual(s) in an organization who are responsible for making a group of people more effective and efficient. They plan, organize, direct, and control resources to achieve their goals to perfect the business industry; functions of management. There are many different types of managers, "level of management" : top managers, middle managers, and first-line managers. Top managers spend their time setting objectives, scanning the environment, and most importantly, plan and make decisions. As for middle managers, they report to the top management, oversee first-line managers, develop and implement activities within the company, and allocate resources. As for the first-line, they are more involved. Their responsibilities contain reporting to middle managers, supervise employees, coordinate activities, and are involved and focused in day-to-day operations.

Managers start with planning, where they set goals and evaluate the best way to achieve them. They develop a strategic plan, a process of establishing an overall course of action. In every company, they need to write a mission statement, identify core values or beliefs, assess the strengths, weaknesses, opportunities, and threats, as well as establish goals and objects and develop and implement plans to achieve goals. A mission statement describes the purpose of an organization; their commitment. For example, Starbucks. Starbucks' mission statement is "To inspire and nurture the human spirit - one person, one cup and one neighborhood at a time." Their mission statement describes the purpose of their organization; "to inspire and nurture the human spirit." They are committed to a role of environmental leadership in all facets of their business. As for core