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al7amdulAllah
The grace of God that I am driving BusinessThrough strategic management and goal-setting and operational plans to achieve those goals
This question is really interesting and it can open discussion on management styles, business planning and process.
Taking the lead and making sure that you are really running your business required robust plan that reflecting ambition realistic vision with clear KPI’s with time table. Review progress frequently and set immediate corrective measures
Many managers are dealing with pop up issues and managing by crises and those people are led not leading their business
I think at best it is a50-50 split. We do our best to run our businesses proactively but with so many unknown variables coming our way, we just have enough time to react.
Deart Nuha Ali, The expertise of a professional man is stimulated to himself that she/he do the job or business.but your second part of question is still remained.that business is running you,in this context my answere is Yes...that any Father's business is running to son.
Are you running a business or the business is running you?
If you are not running a business then soon you will be out of business. Businesses continue to survive and flourish because of their ability to adapt to the fast paced, ever evolving, globalised business environment.
If the top management or leadership is not alert and quick in its response to the ever changing market dynamics, they will quickly lose control over the organization and may expose the organization to hostile takeovers and attacks by the competition.
The role of the top management is to achieve the triple bottom line performance as envisaged in the sustainable development model. Top Management involves the manipulation of the human capital of an enterprise to contribute to the success of the enterprise.
Under the sustainable development model, an organization on the path of success must embrace all that can be categorized under Financial Responsibility, Social Responsibility and Environmental responsibility. Most companies are simply focused on financial aspects of the business and either the do not care or less focused on the other two objectives.
Management specialties of Finance, HR , Marketing and System as a minimum are usually adopted, implemented and continuously practiced by successful but average organizations. I am of the opinion that most companies need to align themselves with sound practices involving all the above four specialties and much more to be able to survive let alone achieve a moderate success and ultimately excellence. To be able to make an impact on the market place, they should create a team of duly qualified personnel with Knowledge relevant to their offering, optimized skills and reliable processes. The fourth and most important aspect is the creation of this team whose “spirit within is awakened” to the needs of the organization. Without the commitment of these awakened spirits, all the other three namely knowledge, skills and processes alone cannot contribute to the growth and success! As such Top Management must strive to create a positive work environment and must consistently keep communicating the chosen goals of the organization effectively to all levels of employees in the organization so as to ensure whole hearted participation of all concerned towards excellence and growth
In an good to great organization a leader decides "who should be on the bus" and then decided where to take the bus. What i mean here is that, of all the essentials for a business Human resources is the most important one. a good team is a must. It is essential that top management must equip the organization with duly qualified, trained and motive personnel and requisite infrastructure aimed at attaining the targeted budgetary numbers and other chosen objectives
Top Management could achieve success if they have the right mix of :
OFFERING( Brand, Product range, solutions, services, pricing),
COMMUNICATION (Marketing, Sales and service) and
MAREKT BASE ( Prospect base and Cutomer base)
To be able to achieve sustainable growth and continued existence decades after decades, Top management of the companies must introspect and see where they are situated on the ladder of success. A company’s ability to cope with the changes in the market place, national and world economic order has a great bearing on its success or demise.
There are five levels of achievements depending on their flexibility to cope with the changes in the business environment. However difficult the task is
Creators of change (at the top)
Anticipators- Anticipate changes and proactively be ready to change
Adapters-Change but not whole heartedly
Copers- Companies know that change is inevitable but do nothing to change
Resisitors ( at the bottom of the ladder)
IF you are not running the business then you are probably at the bottom of the ladder of success and may be on the verge of being edged out of business.
It is the fundamental task of top management to create a vision for the organization and through their expertise and commitment, have the unenviable task of positioning their organization appropriately on the ladder of success as depicted above.
To conclude, I wish to reiterate that , at any given point of time top management need to be flexible lean, agile and alert to the changing business environment and focus on all aspects of running a business including, Finance, HR, Marketing and system . In other words they must run the business
Nice question, Nuha!
A business is there to be run by people (managers), in principle. But since your question also covers "entrepreneurship", answering greatly differs from the viewpoint of appointment job to a business ownership's point of view.
Business can sometimes run a person, as running a business is sometimes purely reactive to how the business and its surroundings "behave" and how you will reply to that to combat threats or to utilize one in a life time opportunities. In such sense, a business (work) can run you or control your life (free & leisure time, peace of mind, family life, motivation, productivity, ideation etc.), or as Mr. Farrukh Khan, said "ruin" it. Awareness of this is important, whether an employed manager who's very loyal to a job or a business owner.
yes fine question,,, any business is done by pure specific planning, management, handling of issues, using right man at right time & place etc,,, PEOPLE WHO DO NOT PLAN , ARE ALSO PLANNING & THEY ARE PLANNING FOR THEIR DESTRUCTION.
A top management executive runs a business with help of a team and when you are lower hierarchy as being part of business what is instructed to you , you execute it so business runs you indirectly.
If you don't run your business, it will run you
sometimes people run their business and sometimes business is running them.It's according to the market.
Business is forcing me to run with business.
