BUSINESS MANAGEMENT

 DECISION MAKING "The act of choosing one alternative among a set of alternatives is called decision making" In each and every step of our life, there is a need to make the decision. For example, as a student we decide about college for our studies and in our daily life, we selected the functions etc which we attend. Similarly, the managers spent most of their time in decision making. TOP MANAGEMENT DECISIONS Top management defines goals at the time of developing plans and establishing strategies they make decisions. MIDDLE AND LOWER MANAGEMENT DECISION The middle and lower management decide that what tasks are to be performed, how these tasks will be grouped and who will perform the tasks? what product is to be produced, what market should be selected for launching our products and standard of product is also decided. It also decided that how to produce when and where to produce? who will report to whom? TYPES OF DECISIONS: PROGRAMMED DECISIONS: "A d...

What is start up: Start up means something unique ideas related to a product. The  founder of the product believe that this product is not available in the market but the demand of this product is exist in the market.This type of product not only fulfill the need of the economy but also give more profit to the founder of the product. startups Importance of start up: It give more profit to the founder of the product. Consumer get the product in low price. More people get the advantage of new product. Example of start up: There are many example of startup plan such as Facebook, Instagram and twitter etc. These are startups plan start with very small amount but now a days its become very big industry and also become very populer in the world.                                                               ...

 AREA OF MANAGEMENT MARKETING MANAGERS A person working in the area relating to marketing function is called marketing manager. Marketing manager develops, promote and distribute new products to customers and also make a strategy for getting and retaining customers. Marketing Managers  Example:  Sears Holdings Corporation(the retailer created when Kmart Holding purchased sears in March 2005) demoted CEO Alan J Lacy, whose experience and skills in finance, so that a leader with more experience in marketing and promoting brands could help the organization be more responsive to customers.  FINANCIAL MANAGERS: A person who deals primarily with an organization's  Financial resources, to carry the process of accounting, to carry cash management and to take a decision about investment etc. Financial Managers OPERATION MANAGERS: A person managing the system that creates the organization's products and services also controlling the production p...