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