Business management framework
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Hello and thanks for stopping by to watch this short presentation that introduces our Business Management FRAMEWORK for small business owners and entrepreneurs.
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Transcript of Business management framework
Hello and thanks for stopping by to watch this short presentation that
introduces our
Business Management FRAMEWORK
for small business owners and entrepreneurs.
Business Management
As an entrepreneur or business owner, you need to be prepared to
tackle anything.
Business Management
Managing a business is a complex process and can
be “confusing”.
Business Management
You may be wondering…
“What is it that I DON’T KNOW about managing
and growing my business?”
Business Management
Our mission here at
SmallBizOrg.com
is to help you be successful in your endeavours.
Business Management
So we summarized and adapted here for YOU the
Business Management framework that is taught
inthe MBA programsall over the world.
Business Management
It will give you a COMPLETE MIND MAP
of EVERYTHING that you need to think about in order to manage your
business successfully.
Business Management
With this knowledge in hand, you will be able to run your entire business
just as top business professionals do.
Business Management
Managing your business will require you to have your hands in everything, ...
Business Management
...so you will need to have a solid understanding of
each of the 6 elements of this framework, which
are:
Business Management
STRATEGICMANAGEMENT
Business Management
MARKETINGMANAGEMENT
Business Management
OPERATIONSMANAGEMENT
Business Management
FINANCIALMANAGEMENT
Business Management
HUMAN RESOURCES MANAGEMENT
Business Management
RESEARCH AND DEVELOPMENT
MANAGEMENT
Business Management
While all are unique, they still rely on each other to
run smoothly.
Business Management
Let’s zoom in now in each of these management
areas...
Strategic Management
Strategic Management
will guide you in the right direction as your
company grows and changes.
Strategic Management
It is where you will formulate goals, milestones, and ultimately a BUSINESS PLAN so that you know
where you want to be in 1 year, 5 years, and 10
years...
Strategic Management
… and more importantly, how you will get there.
Marketing Management
Marketing Management
guides you to make educated decisions on
the FOUR P’s of marketing:
Marketing Management
1) the PRODUCTS you will offer,
Marketing Management
2) your PRICING plan,
Marketing Management
3) how you will PROMOTE your product or service,
Marketing Management
4) where will you be offering your products and
services, (the “PLACE”).
Marketing Management
These important decisions, which should be done
based on MARKET RESEARCH, will be reflected in yourMARKETING PLAN.
Operations Management
Operations Management
forces you to examine every business process in your
company ...
Operations Management
... to discover problem areas and opportunities
for optimization.
Operations Management
You will have TWO ultimate goals with your
operations management:
Operations Management
1) to ensure the QUALITY of the product or service
you are offering and
Operations Management
2) to make sure your business processes are
running as COST-EFFECTIVELY
as possible.
Operations Management
With this information, you will create and follow an OPERATIONS PLAN.
Financial Management
Financial Management
will ensure that you:
Financial Management
1) are making profitable decisions and
2) are able to meet all of your financial obligations.
Financial Management
This is where you will:
a) compile financial statements,
Financial Management
b) decide what is worth to spend money on and
what is not and
Financial Management
c) manage your cash-flows and handle accounting
and bookkeeping needs.
Human Resources Management
Human Resources Management
is how you will recruit talented candidates and
retain valuable employees.
Human Resources Management
On top of managing varying personalities,
human resources management will help you
...
Human Resources Management
... juggle the regulations and expectations that come with being an
employer.
R & D Management
Research and Development (or R&D)
Management
will :
R & D Management
1) help to improve your current products and
services,
R & D Management
2) develop new products or services, and
R & D Management
3) discover more cost-efficient ways to continue offering your products or
services.
R & D Management
By consistently incorporating R&D into your everyday business
practices, you will position yourself to fill new
markets as they emerge.
Business Management
Managing every aspect of your business is a
massive undertaking, but it can be done with the
right guidance and resources.
Business Management
For more details visit us at
SmallBizOrg.com
to find out EVERYTHING you need to know about managing your business,
from start to finish.
Business Management
PS: Our “logo” is a hexagon to reflect this
framework and to remind you that there are 6 areas
of business that you ALWAYS need to focus
on to be successful.
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