Monday, January 13, 2020
Principles Of Business Essay
Planning In my planning, I will be very much interested in establishing several activities which involves defining the purpose of the store. I will define this as a store for the storage of sports goods for profit purpose. It will be focused on storing goods for profit making. I will therefore need to plan where I will be purchasing the goods so that, they can cheaply be bought, they will have continuous flow so that I do not run short of stock. I must plan for the site for the business. This is to ensure the business is located in a place where the customers can access the commodities without obstruction by any thing. The place should be safe and secure for the customers. I will focus on the labour. I must plan the sources of labour source and the numbers of workers who will be required. I should also plan for the finances that will be required for the commencement of the business as initial capital. I must plan on how the business will run i.e., Is going to be in large scale business or small scale in which goods will be sold in retail or whole sale methods. Simply, I will plan for my resources, state my mission, define my vision and have a summary of the overall operations of the business. (Ehlers, 2000) Organizing            I will review my plan of the business. Reviewing the plans will enable me to understand the key points which I need to include in my organization. This will require me to put in place the list of tasks and the groups of individuals who will be assigned in the various tasks short listed. Such groups will be such people like sale groups, store group, purchasing groups administration group and others which may deemed appropriate. I will then group the tasks into jobs. (Ehlers, 2000) Directing I will ensure that there are directors who will act as supervisors of the other subordinate staff. The directors will be the overall responsible delegate in the different departmental sectors. They will be requiring to under taking senior responsibilities like overseen the general run of the particular departmental activities. Controlling Controlling being the final process of the four functional chains of management activities, which bring the function of management to full circle; it will be necessary for me to establish control methods of the store. This will involve the setting up effective control systems for the monitoring of the activities and the corrective actions to be taken. I will include supervisors in the store to see that worker working under the different departments do not become reluctant in their specified jobs and tasks. I must install systems to make sure that there is overall evaluation of the goods purchase, goods in stock and those which haves been sold. Supervisors will have to observe what is happening and compare that with what was supposed to be done. They will be supposed to correct any ineffective activity and conditions in order to bring the result to my expectations. This will facilitate the delegation of activities to employees. Because supervisors are held accountable for their junior employees’ performance, there will be timely feedback on employees’ activities. . (Deresky, 2002) Levels of management/organization chart There several management levels which I will require to have the sports store to run smoothly. These include: Top level: – this will have the general director which I should be holding such a post. This will enable me to oversee the other people who will be working under the other levels of the management. The middle level will contain directors of sale, purchase and store. They will be support to directly report all implementations and mitigation of activities of their departments. Director for sale will makes sure the targets of sales are achieved through the implementation of set objectives and targets. Director of store will ensure goods in the store are safe and properly issued. Director of purchases will make sure there is proper in flow of goods from our suppliers in to our premises at the right price. First level will have those people working under the various directors who will be supervising the lowest ranked employees in the different departments. (Deresky, 2002) General Director Top level                                                      My management style I will have a passive management style in which the major decision making will be based on the people opinion. I will hold meeting with the supervisors who will working under the departments to discuss some of the issues arising in our organizations. (Griffin, 2002)  Reference: Deresky, H. (2002): global management strategic and inters personal: prentice hall Ehlers, M. (2000): Residential based business as an alternative location: university of            Pretoria Griffin, R. (2002): international business: a managerial perspective: prentice hall  Â
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