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What is business management?

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mosevan | Student, Undergraduate | eNotes Newbie

Posted May 1, 2009 at 1:44 AM via web

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What is business management?

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krishna-agrawala | College Teacher | Valedictorian

Posted May 1, 2009 at 3:17 AM (Answer #1)

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Business management is the task of ensuring effective and efficient running a business enterprise. Although, there are unlimited varieties of business enterprise with equally unlimited variety of operations carried out in them, some common managerial functions can help to improve the performance of each and every enterprise. As a matter of fact these common functions are also equally applicable and useful for non-business enterprises also.

we can group all the jobs performed by a manager in following four broad functions.

  • Planning or decision making.
  • Organizing and staffing.
  • Motivating or leading.
  • Controlling.

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