Business Management and Types | Jamie Summons
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Business Management Business management refers to the practice of coordinating and overseeing the activities and operations of a company or organization to achieve its objectives and maximize its overall performance. According to Jamie Summons , this involves planning, organizing, directing, and controlling various resources, such as human, financial, and material, to ensure the efficient and effective functioning of the business. Business management encompasses a wide range of activities and responsibilities, including: Planning: Setting goals, formulating strategies, and developing action plans to achieve those goals. This involves analyzing market conditions, assessing resources, and making decisions about the allocation of resources. Organizing: Designing the structure of the organization and determining how tasks, roles, and responsibilities are divided and coordinated, according to Jamie Summons . This includes establishing reporting relationships, creating departments...