Topic: Business Management
Levels of Business Management:
1. Top level Management – Responsible for determining overall objectives and policies for
the organization. It includes the Board of Directors, chairman, etc.
2. Middle level Management – Responsible for implementing policies of top level. It
includes the heads of different functional departments.
3. Operational level Management – Responsible for executive’s work assigned by middle
level. It includes supervisors, Forman, superintendent, etc.
Functions of Business Management:
Planning – Deciding the objectives and future course of actions.
Organizing – Assigning of duties, grouping tasks, establishing authority and allocating
resources to achieve future goals.
Staffing – Finding right persons for right position at right time.
Directing – Issuing of instructions for performance of the jobs.
Controlling – Aims to ensure whether everything is done as per plan.
Coordinating - Process by which managers synchronizes the activities of different
department towards the achievement of a common goal. It is the essence of
management as it is needed in all management functions at all level of management.
Features of Coordination in Business Management:
Coordination integrates group efforts as it unifies diverse interest into purposeful work
activity.
It ensures unity or action as it acts as the binding force and aims to ensure that all
efforts are focused towards achieving organizational goals.
It is a continuous process as it needed at each and every step in the organization.
It is a persuasive function as it is needed in all departments and at all level.
It is the responsibility of all managers as it is the function of every manager.
It is the deliberate function as a manager has to coordinate the efforts in a deliberate
manner.
Importance of Coordination in Business Management:
Growth in sizes – Increase in size of the organization, coordination, which helps to
harmonize individual goals and organizational goals.
Functional Differentiation – As all department and individuals are interdependent,
coordination helps to synchronize their activities so that they can proceed together in a
single direction.
Levels of Business Management:
1. Top level Management – Responsible for determining overall objectives and policies for
the organization. It includes the Board of Directors, chairman, etc.
2. Middle level Management – Responsible for implementing policies of top level. It
includes the heads of different functional departments.
3. Operational level Management – Responsible for executive’s work assigned by middle
level. It includes supervisors, Forman, superintendent, etc.
Functions of Business Management:
Planning – Deciding the objectives and future course of actions.
Organizing – Assigning of duties, grouping tasks, establishing authority and allocating
resources to achieve future goals.
Staffing – Finding right persons for right position at right time.
Directing – Issuing of instructions for performance of the jobs.
Controlling – Aims to ensure whether everything is done as per plan.
Coordinating - Process by which managers synchronizes the activities of different
department towards the achievement of a common goal. It is the essence of
management as it is needed in all management functions at all level of management.
Features of Coordination in Business Management:
Coordination integrates group efforts as it unifies diverse interest into purposeful work
activity.
It ensures unity or action as it acts as the binding force and aims to ensure that all
efforts are focused towards achieving organizational goals.
It is a continuous process as it needed at each and every step in the organization.
It is a persuasive function as it is needed in all departments and at all level.
It is the responsibility of all managers as it is the function of every manager.
It is the deliberate function as a manager has to coordinate the efforts in a deliberate
manner.
Importance of Coordination in Business Management:
Growth in sizes – Increase in size of the organization, coordination, which helps to
harmonize individual goals and organizational goals.
Functional Differentiation – As all department and individuals are interdependent,
coordination helps to synchronize their activities so that they can proceed together in a
single direction.
