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Managing a Business

Meaning of management
It is the process of arranging available resources efficiently in order to achieve stated objectives of the business.

FUNCTIONS OF MANAGEMENT

Meaning of management
It is the process of arranging available resources efficiently in order to achieve stated objectives of the business.

FUNCTIONS OF MANAGEMENT

Planning; involves making decisions today about what is to be done tomorrow/future.

Organizing; it is the allocation of duties and tools required for carrying out duties and responsibilities within the business.

Staffing; it refers to getting the people to do the jobs that the business require in the best way possible to achieve the objectives of the business

Controlling; it involves regulating activities of the business by giving advice and direction so that work is done according to plan.

Co-coordinating. This means making sure that all the various parts of a business pull in the same direction to achieve goals of a business.

Insert the drawing

Exercise Instruction.
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Role of technology in business
Definition of technology in business
This is the application of scientific knowledge in business management

Role of technology
Insert a diagram showing Comparison of old and new technology

Old Technology                             New technology
Low quantity of production at high cost.    Improved quantity of production at low cost.                                                                          
Low quality products.                                 Mass production of high quality goods                                                                                 
No new products                                         Innovation and invention of new products
Poor methods of communication                Improves communication methods e.g. e-mail
Inaccuracy in production                             Facilitates accuracy
Hard business transactions                          Simplifies business transactions
Hard to perform tasks                                 Simplifies performance of tasks.

Emerging issues and practices in themanagementofabusinessThis refers to the recent changes/trends in the management of a business.They include

 

Privatization of government business

Employing senior staff on performance contract basis

Retrenchment and downsizing

Closing down loss making branches

Setting mission and vision statements of the business

Establishment of customer care departments

Adoption of dynamic technology e.g. automation

Social and corporate responsibilities.

Use of suggestive boxes to get feedback from customers

Mergers and takeovers

Transparency and accountability

Employing multi-skilled staff

Franchising refers to a situation where a business gets a license to produce using the name of an established product

Use of term human resource instead of personnel

 




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KCSE ONLINE WEBSITE provide KCSE, KCPE and MOCK Past Papers which play a great role in students� performance in the KCSE examination. KCSE mock past papers serves as a good motivation as well as revision material for the major exam the Kenya certificate of secondary education (KCSE). Choosing the KCSE mock examination revision material saves you a lot of time spent during revision for KCSE . Choosing the KCSE mock examination revision material saves you a lot of time spent during revision for KCSE. It is also cost effective

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KCSE ONLINE WEBSITE provide KCSE, KCPE and MOCK Past Papers which play a great role in students� performance in the KCSE examination.

Choosing the KCSE mock examination revision material saves you a lot of time spent during revision for KCSE. It is also cost effective 

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sit amet congue Mock Past Papers, give you an actual exam situation in readiness for your forthcoming national examination from the Kenya National Examination Council KNEC

Choosing the KCSE mock examination revision material saves you a lot of time spent during revision for KCSE. It is also cost effective sapien. 

Choosing the KCSE mock examination revision material saves you a lot of time spent during revision for KCSE. It is also cost effective sapien. 




As a supplementary to coursework content our e-library for digitized multimedia CDs while enhance and ensure that you never missed that important concept during the normal class lessons. It is a Do it Yourself Project..

Candidates who would want their papers remarked should request for the same within a month after release of the results. Those who will miss out on their results are advised to check with their respective school heads and not with the examination council

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