#Management
The
efficient and effective operation of a business, and study of this subject, is
called management. The major branches of management are financial management,
marketing management, human resource management, strategic management,
production management, operations management, service management and
information technology management. MD Tarek Owners may administer their
businesses themselves, or employ managers to do this for them.
Whether
they are owners or employees, managers administer three primary components of
the business' value: its financial resources, capital or tangible resources,
and human resources. These resources are administered in at least five
functional areas: legal contracting, manufacturing or service production,
marketing, accounting, financing, and human resources.
#Business
Process Management (BPM)
What
and why: Business process management (BPM) is a holistic management approach
focused on aligning all aspects of an organization with the wants and needs of
clients. It promotes business effectiveness and efficiency while striving for
innovation, flexibility, and integration with technology. BPM attempts to
improve processes continuously. It can therefore be described as a
"process optimization process." It is argued that BPM enables
organizations to be more efficient, effective and capable of change than a
functionally focused, traditional hierarchical management approach.
#Intellectual
Property
Businesses
often have important "intellectual property" that needs protection
from competitors for the company to stay profitable. This could require
patents, copyrights, trademarks or preservation of trade secrets. Most
businesses have names, logos and similar branding techniques that could benefit
from trademarking. Patents and copyrights in the United States are largely
governed by federal law, while trade secrets and trademarking are mostly a
matter of state law.
Because
of the nature of intellectual property, a business needs protection in every
jurisdiction in which they are concerned about competitors. Many countries are
signatories to international treaties concerning intellectual property, and
thus companies registered in these countries are subject to national laws bound
by these treaties. In order to protect trade secrets, companies may require
employees to sign non-compete clauses which will impose limitations on an
employee's interactions with stakeholders, and competitors.
With
our GSM Database by Gender, Full Names and people Numbers residing in your LGA
where your Business is located. So you can now reach peopl directly with your
services & products for their patronage. It will further aid your business
management. For more and practical demonstration click www.kingpostoffice.com
you get loads of free units and bonuses.
Hope you like those precise business lectures
Comments