What is the definition of business management?

Answer by  patti (29325)

Business management plans, controls and co-ordinates a business so that it can be profitable, liquid and survive in a competitive market. Management makes sure that value is created for customers, that revenues are greater than costs, and that problems are addressed and resolved.

Answer by  TChapman (110)

Business management entails of buying, controlling, financing, and monitoring all processes of a company. It also requires communication, project management and decision-making skills necessary to keep an edge in the business marketplace.

Answer by  anon88 (166)

A business management degree exposes a student to a cross-section of classes ranging from interpersonal skills, dispute resolution, supply chain management, statistics, marketing and sales.

Answer by  Hewitt302 (1720)

Business Management involves working to effectively incorporate the group dynamic. A great business manager is a great problem solver, knows what needs to be done, and encourages his employees to get the project done efficiently and on time. Business management means understanding the Macro and Micro economic structure, supply and demand and how to meet the needs of the public.