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Basic Business Management Concepts That Must Be Fulfilled

- November 28, 2017
Basic Business Management Concepts That Must Be Fulfilled
Business Management Concept
Basic Business Management is a foundation that every businessperson must meet for the smoothness of the business he or she is studying. In general, business management is a process of a series of activities in the business that includes planning, direction, organizing and supervision with a view to achieve a goal effectively and efficiently. Generally, the basics of business management is worthy to be understood by the businessman who is developing his business.

The purpose of implementing business management is that the business can run in accordance with the management that has been planned previously. There are several things that include business management that must be met, including:

  • Human Resources
  • Production Management
  • Marketing Management
  • Financial management
  • And Enough Information

Well, all the basics of management above must be met in detail and well in a business so that business can run according to our previous planning.

#Basic Business Management Should Be Fulfilled While Building a Business


Well, for those of you as a businessman, it helps you to apply or meet the basic of business management of the business you are managing in order to walk premises well. Here are 5 Basic Business Management that must be filled.

1. Human Resource Management


The first of business management is the human resources (HR). Human resources are also not less important for the potential development of a business. However, in addition to human resources, other basic things that must be met is Capital or material. Actually, there are three components that play an important role in the management of human resources, including: Resources Personnel, Humen Resource Development (HRD), and Human Resource Management (HRM).

Of the three components above, the third-third has its own role. Personnel focuses on employer and employee relationships that are Administrative. Furthermore, HRD or Human Resource Development plays the Strategic Planner of labor. While HRM itself plays as a planner, organizing, and controlling human resources as one of the important assets for the business.

2. Production Management


In addition to HR Management, Production Management is equally important in business management. Product is the output or output of a business or company that involves customer satisfaction, be it in the form of goods or services offered.

Read More : 4 Main Things That Cause Online Business Failed

In the absence of knowledge about the value of production, the business is running very fatal and can result in huge material losses. If in a business, the resulting output does not have a sale value, then this can also result in the collapse of a business earlier as it has happened in many business circles.

Good Production Management is planned, managed and controlled on the basis of the point of view of desire and consumer satisfaction. In this case, it is better, conducted a survey in advance to see the attractiveness of the community.

3. Marketing Management


Marketing in a business is the main point for the business to grow well or we can interpret as an activity that creates economic value of products and services. Marketing management is a method to plan how a product or service can be accepted by the community.

The basis of this management also plays a role to introduce the company or business that we run to public society. The success of a business can not be separated from how important the business is needed by the community. More and more enthusiasts to the products or services that we offer the greater the business opportunity to progress and grow rapidly.

4. Financial Management


Financial management in brief is how to obtain and manage money from a company. Financial management is closely related to the entry and exit of money and investments, production funds and other sources of funds.

Good finance, must be owned by a growing company or business. Why, because if the company's funds are not well managed, it will have a fatal impact on the business, as well as inflation in the company, where the expenditure is greater than the inclusion.

Read More : The Importance of Good Corporate Governance

It's good that a company's financial management at least know and learn how to get the funds and manage the funds properly.

5. Information Management


Information Management in this case is an activity to ensure that the business being developed can run well and can survive for long periods of time. Information Management is very crucial when the business at the beginning of its development experienced a difficult time, and in the middle of a very developing computer.

If a business lacks information, it will greatly affect the inability to control the existing resources, so that it will affect the decision making, whether for a short period of time or for a long period of time.

Good Information Management is able to provide a source of information that supports a business to grow as well as information about competitors or its competitors.

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The bottom line: In an emerging business, the basics of business management we have discussed above are essential to the success of a business. The success of a business is not determined by how much capital you have, how much better you can manage your existing resources and can create an effective and efficient working environment.

Such is the article about Basic Business Management Concepts that must be met. Hope can be useful and can add our insight all of them. If there is less clear with the above explanation, then please ask dikolom comments. Do not forget to share this article so others can also know the basic business management. ☺

 

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