Business Management Essay

agree to Joss (2001),a set of rules or strategies ar used to defy and direct by an organization effectively and efficiency, manpower is involved to shit together in an organization to achieve a common direction continuously. Different skills argon required and performed by a autobus, such as leadership skills, organizational skills, etc. Particular person, in an organization, should shoulder the responsibility and produce results is called manager. Managers require specific experience and qualification, to make any of import decisions and lead their teams to accomplish a goal. Management are classified into quartet levels, they are top managers, middle managers, first-line managers and non-managerial employees respectively. (Oxford, 2009 Joss,2001)Functions of managementThere is a hertz of four manipulations of management forwards achieving the stated mission, they are planning, organizing, leading as well as controlling.Planning is one of the functions that preparing and evaluating what and how they can improve to do even better. They can plan for the desired achievement or immix their current structure. Organizing is a way to utilize resources and guide the manpower in a specific way, since investment and employees are very decisive for happy organizations. Leading is the exceed way to influence and coordinate the workers, as the managers prompt their left-right hands. Motivation means the managers inspire and persuade them to do their best in a happy way. Controlling is the final step amongst four functions. The managers monitor the current productivity and correct the mistakes or ways they perform. (Tripathi and Reddy, 2008)Q2According to Mintzberg (1990), the managers are grouped into ten roles by three main categories. They are Interpersonal roles, Information roles and decisional roles.Analyzing a manager Richard BransonWhen I reviewed the functions, roles and skills, there is no denying I admire a manager Richard Branson a plenit ude, who is the founder and manager of Virgin Group. He is approximately 63 years old now, he experienced nearly 47 years in different categories of business. They are record stores, air travel, soft drinks, radio, c accordhing, holidays, etc. The reason he could declare business in different sectors, because he performs different managerial skills and roles, principally use interpersonal skills and conceptual skills. (Branson,2007)Although Richard Branson did not form any grand plans at the beginning, he performed the function of planning to define the missions for his business, especially his airline. He wants to make his airline growth with revenue, to drive the passengers to their destinations and the employees are satisfied to cling and work for the companies. (Virgin Atlantic, 2013)For the interpersonal skills, he has very good relationship with his make employees. To be a good leader you have to be a great listener. said by Richard Branson. No doubt, he doesnt merely require employees to treat the customers well, but also openly listen to the employees ideas, in order to correct the existence problems and bombing new ideas for future day integration. He creates new business by communicating with workers. Even though Branson has to a greater extent than 200 cabin crew, he still spends time with them, listen to their requests. Because he thinks it would be the best way leading them to work in a delighted environment is a business, solving the obstacles would not be the tho situation. (Branson,2012)For the conceptual skills, he has unique business sense of sustaining and integrating his business. For instant, before he established Virgin Atlantic, he was doing the business of Virgin euphony successfully. A lawyer persuaded Richard to invest in airlines he was taking risks of promising, as he has no experience. However, he analyzed every risk, strategies and possibility of earning bullion after making up his mind he even performed the function o f organizing that thinking of the year plan and finding out the reasons why the competitors offered the marketplace prices that low. Until now, Virgin Atlantic is the second largest airlines in the UK. (Branson,2009)In reality, most of the businessmen may not accept this challenge, because they want to ensure the risks are trim than the pass offs before taking any plans. Richard Branson used to equip himself with different monetary perspectives therefore, he can make a right decision quick than a normal businessman and this shows that he was performing decisional roles. (Branson,2009)Although Richard Branson has a lot of insight of different perspectives, he would sometimes face the failure. He would wish to compete with Coca-Cola and Pepsi for launching Virgin Coke. Nevertheless, he underestimated his competitors, as the localisation of function dissemination is crucial to drinks industry. Therefore, he performed his function of controlling and the skills of managing change s, to correct the mistakes they made. He changed the location from the USA to Bangladesh and was being the best cola drink there. (Branson,2009)Q3Reflection of myselfIt is come-at-able that everyone would possess managerial skills, including myself. I do possess human skills, conceptual skills and technical skills.However, no matter what my job position is, the degree of avouching these skills is not the same.If I contend to rank three of them, interpersonal skills would have the strongest degree. I have communication skills and leading function. As I have to suffer the responsibility to other committees and negotiate with suppliers to reduce our costs therefore, my communication skills have been greatly improved by being figurehead and negotiator. Besides, I need to help keeping a good relationship with the external world.Additionally, I have the function of organizing and the skills and roles of decision-making as well. Being the leader in a team, I have to allocate works to m y teammates as a result, I need to organize all the plans before delivering to anyone. Besides, I faced a lot of obstacles, which are in sudden. If the original plan is not working, I need to perform the function of controlling, to think of another most adapted plan immediately.My conceptual skills should be enhanced, such as predict the future economy situation accurately or invest any properties in a smart way, as integrating our business is the most square part of upholding current and achieving goals. I would like to be the top manager in next five years or more, who will own at least few shops. Knowing how to calculate the expected return rate and risk would be the first step. Therefore, I would like to apprehend how I could buy any properties without apply my own money, but using the earned profits to invest and earn new profits.It seems my thoughts can be easily accomplished in words, but different skills are involved. Therefore, I should start understanding the pious pl atitudeers thought and how is the banking systems working, and then I could negotiate with them fluently. Because loans from the bank may be the helping hands of my first business.However, my technical skills are not good enough. Lacking of the knowledge of advanced technology and exceptional software system, my technical skills should be enriched as well. Although technical skills are very crucial to some managers, I will not put a lot of effort on learning them. Because first-line manager can be hire for monitoring the daily processing systems yet, I should learn how to use software to read the financial statement and make proper decision for expanding my business.Additionally, I should briefly know the transactions processing as well, to prevent the employees from making their own interests. Last but not least, employees are the assets of my company I should learn how to use the best resources and people with the lowest costs to pass on the productivity and achieve my goals.I n conclusion, management is very crucial to an organization. As people cannot entirely perform all the functions, roles and skills in a specific position, managers are required to shoulder their responsibility continuously to help achieving the delimit mission. Besides, reflecting our strengths and weaknesses would be other criteria to run successful business.Bibliography Branson,R. , 2007. avocation the Richard Branson Way 10 Secrets of the Worlds wideest Brand Builder. 3rd Edition. Great Britain The hit-or-miss House Group Limited. Brason,R. , 2009. Losing My Virginity The Autobiography. Great Britain The Random House Group Limited. Branson,R. ,2009. Business Stripped Bare. Great Britain The Random House Group Limited. Branson,R. , 2012. Like A Virgin Secrets They Wont Teach You At Business School. Great Britain The Random House Group Limited. Joss,R.L.,2001.Management. 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