Business Management: The Key For An Effective Company

Business management is indeed a key for an effective company. Running a certain company will be a piece of cake if this management style is mastered. This holistic approach consists of controlling, monitoring, planning, leading, and organizing. It focuses on the alignment of both the company and the clients’ needs for a better outcome. Efficiency and effectiveness are the two virtues that set this strategy to attain innovation. Also, it integrated with technology and flexibility. The main catch is to have a continuous process. If done this way it will modify the hierarchal method of the past into a more effective and efficient system.

In the planning phase, the company will have set their business goals and objectives. This will be the guiding ideas as they go along in the pursuit of their company’s success. They well also have value added activities, collaborations, and performance to their relevant roles. The company will always visualize the optimum level of products that will be catered to the consumers. Their managerial aspects and product improvement will be put into action.

When management is the topic, it will always have its twin. This twin is called TQM or the Total Quality Management or CIP or Continuous Improvement Process that is a step higher. Change capability is seen not just in the human version but also in the technological aspect. People and technology are inseparable when it comes to business management. There is such a thing as Business Management Process that is also known as Management by Business Process. As mentioned before, there might be a confusion of the traditional hierarchy in the organizational chart. That is why there is a new term used which is Corporate Management through Processes. When process is used, the objectives that were laid down in the planning phase will eventually be worked out step by step.

The business process ideas consist of tasks, production, department, and outputs. It was noted that this processes have been in operation since the 1990′s. The whole process made use of IT specialized program that consists of software engineering papers that are commonly referred to as the middleware. Also, it can be attributed to business processes, or business process modelling.

There is a five-phase Business Process Management Cycle that starts with the Design phase. This first phase includes brainstorming of what the company wants “to-be”. The next phase is the Modeling phase which puts the theoretical framework as well as the introduction of the variables. Execution phase involves an application that contains the agreed processes. Aside from the technological aspect, human intervention is also included. Next to it is the Monitoring phase that tracks down every process that was encountered. A failure in any point will be noted down to be evaluated and be the basis for improvement. The phase will be followed by Optimization that extracts potential opportunities and last is reengineering. With this the whole process will be modified from start to end for the company to achieve the desired goals and effectiveness.