Posted in Business

The Different Kinds of Management for Small Business People

1. Marketing Management

AM Business defined Marketing Management as a process of creating a relationship between you as a business owner and your customer.

2. Financial Management

Management Study Guide defines Financial Mangement as planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise. moreover, it also involved company investment such as stocks and bonds with regards to funding allocations, Financial Management could help you to create a plan to prevent cost and to survive in a near future if you own a business you must had a Finance Management skill

3. Human Resources Management

Susan M. Heathfield(2017) describe Human Resources Management is the function within an organization that focuses on the recruitment of, management of, and providing direction for the people who work in an organization. moreover, human resource management if you operate a small business it is a skill to provide you a good relationship with your employee, create rules and regulations, training and development with regards to customer satisfaction. if you want a good business in an industry you must hire a good people.

4. Operation Management

Wikipedia describes Operation Management as an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. it’s concern with planning, controlling that can help you with your management skill if you own a business to plan for how you will engage to reduce cost, speedy and customer satisfaction.

5. Logistic Management

Logistic Management concerned with skills to provide good quality of product delivery, It could also help you with product delivery.

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19 years old entrepreneur from Philippines

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