Principles Of Business Essay

PlanningIn my send offning, I impart be very much interested in establishing several activities which involves defining the purpose of the install. I give define this as a store for the storage of sports goods for profit purpose. It leave alone be focused on storing goods for profit making. I get out therefore need to image where I will be purchasing the goods so that, they can cheaply be bought, they will have continuous flow so that I do not run short of stock. I must see for the site for the business. This is to manipulate the business is located in a bespeak where the customers can access the commodities without obstruction by all thing.The place should be safe and secure for the customers. I will focus on the labour. I must plan the sources of labour source and the numbers of workers who will be essential. I should also plan for the finances that will be required for the commencement of the business as initial capital. I must plan on how the business will run i.e., Is going to be in large scale business or small scale in which goods will be sold in retail or strong sale methods. Simply, I will plan for my resources, state my mission, define my mess and have a summary of the overall operations of the business. (Ehlers, 2000)Organizing I will review my plan of the business. Reviewing the plans will enable me to understand the key points which I need to involve in my organization. This will require me to put in place the list of tasks and the groups of individuals who will be assigned in the variant tasks short listed. Such groups will be such batch bid sale groups, store group, purchasing groups administration group and others which may deemed appropriate. I will then group the tasks into jobs. (Ehlers, 2000)DirectingI will ensure that there are directors who will act as supervisors of the other range staff. The directors will be the overall responsible delegate in the divers(prenominal) departmental sectors. They will be requiring to un der taking senior responsibilities homogeneous overseen the habitual run of the particular departmental activities.ControllingControlling being the final process of the four functional chains of management activities, which land the function of management to full circle it will be required for me to establish control methods of the store. This will involve the setting up trenchant control systems for the monitoring of the activities and the corrective actions to be taken. I will include supervisors in the store to see that worker work under the contrary departments do not become reluctant in their specified jobs and tasks.I must install systems to marque sure that there is overall rating of the goods corrupt, goods in stock and those which haves been sold. Supervisors will have to observe what is happening and contrast that with what was supposed to be done. They will be supposed to correct any ineffective activity and conditions in order to bring the result to my expect ations. This will facilitate the delegation of activities to employees. Because supervisors are held accountable for their junior employees performance, there will be timely feedback on employees activities. . (Deresky, 2002)Levels of management/organization chart thither several management trains which I will require to have the sports store to run smoothly. These includeTop level this will have the general director which I should be devoteing such a post. This will enable me to oversee the other people who will be working under the other levels of the management. The middle level will contain directors of sale, purchase and store. They will be support to directly report all implementations and easing of activities of their departments.Director for sale will makes sure the targets of sales are achieved finished the implementation of set objectives and targets. Director of store will ensure goods in the store are safe and properly issued. Director of purchases will make sure th ere is proper in flow of goods from our suppliers in to our premise at the right price.First level will have those people working under the various directors who will be supervising the low ranked employees in the different departments. (Deresky, 2002)General DirectorTop level My management styleI will have a supine management style in which the major decision making will be based on the people opinion. I will hold meeting with the supervisors who will working under the departments to discuss some of the issues arising in our organizations. (Griffin, 2002)ReferenceDeresky, H. (2002) global management strategic and inters personal prentice dormitory roomEhlers, M. (2000) Residential based business as an alternative location university of capital of South AfricaGriffin, R. (2002) international business a managerial perspective prentice foyer