Important Components of Business Management
Columbia Southern University
BBA 3602
Important Components of Business Management
When it comes for a business to be managed effectively there are important components
to take into effect. Planning, organization, staffing, directing, and controlling are five of the
important components that are going to be discussed. All of these areas need to come together in
order for the business and for employees to work efficiently. Managers must optically canvass
these five components by putting them into effect to be a prosperous manger that will help
employees reach goals additionally.
When one wants to reach a goal, one must set goals and determine strategies and this is
called planning. Planning is “deciding in advance what is to be done in future” (Koontz et al.,
2004). Managers have important jobs to manage a business correctly and the right way. They
must find the right candidates for the job and to be apart of their team to reach goals. The
planning component is one of the hardest among the five important components of business
management. It involves a lot of critical thinking and for the manager to consider all the possible
obstacles that could happen. Managers must always have a plan or plans if the first does not
work there is always Plan B. The next component we look at is organizing with any lack of
planning this could result in organization failure.
Organizing benefits an organization to analyze and determine activities that are in support
of its objectives and help make judicious utilization of resources in order to reach the best out of
the employees, prepares a monthly budget for smooth accounting of cash flow. This organization
Columbia Southern University
BBA 3602
Important Components of Business Management
When it comes for a business to be managed effectively there are important components
to take into effect. Planning, organization, staffing, directing, and controlling are five of the
important components that are going to be discussed. All of these areas need to come together in
order for the business and for employees to work efficiently. Managers must optically canvass
these five components by putting them into effect to be a prosperous manger that will help
employees reach goals additionally.
When one wants to reach a goal, one must set goals and determine strategies and this is
called planning. Planning is “deciding in advance what is to be done in future” (Koontz et al.,
2004). Managers have important jobs to manage a business correctly and the right way. They
must find the right candidates for the job and to be apart of their team to reach goals. The
planning component is one of the hardest among the five important components of business
management. It involves a lot of critical thinking and for the manager to consider all the possible
obstacles that could happen. Managers must always have a plan or plans if the first does not
work there is always Plan B. The next component we look at is organizing with any lack of
planning this could result in organization failure.
Organizing benefits an organization to analyze and determine activities that are in support
of its objectives and help make judicious utilization of resources in order to reach the best out of
the employees, prepares a monthly budget for smooth accounting of cash flow. This organization
