Explain management functions in detail .Also explain why controlling is an important step in management.
Answers
Some of these forms include skilled or pertinent expertise, valuable physical assets, valuable human assets, valuable organizational assets, valuable intangible assets, competitive capabilities, achievements and attributes that position the business into a competitive advantage, and alliances or cooperative ventures.
Explanation:
Time management: it’s an age-old problem. When you go it alone, you have to be able to keep track of your own time and hold yourself accountable. Even with all the technology in the world at their fingertips, even tech start-ups are notorious for having poor time management. Here are 10 tips to help you manage your time just a little better.
1. UNDERSTAND HOW MUCH TIME YOU HAVE
The first thing you need to establish is how much time you have in a day to spend. Be honest with yourself: how long do you spend checking and replying to emails? How much of your 9-5 schedule is devoted to meetings? Do you really need that two hour break? Once you have worked out your limits, you can then start to allocate the time you need to spend on different aspects of your business. It sounds simple but many of us overlook this simple step. Fore-planning will save you a lot o heartache.
2. PUT A VALUE ON YOUR TIME
“Time is money” as the old saying goes and it is time to put a price on yours. Not only will this help in the overall costings of your startup but it will also allow you to manage your workload. Price correctly and your business will reap the rewards; under-price and you may end up working too long on the low-value jobs. Time is a limited resource and expensive: managing your time is one of the hardest aspects of running your own business. You find out more information for new businesses on here.
3. PRIORITISE
We’ve all been there: that annoying, niggly job that’s a high priority you can’t face starting. Guess what? It won’t go away! You must be courageous now: put on your wellies and get stuck in. Why not tackle it head-on and get it filed? While most small businesses are pretty good at multi-tasking by nature, research shows that prioritizing for better time management will help you stay in control. Finding it hard to motivate yourself to prioritize? Why not try using a personal reward system.
Every time you do a good job or accomplish a significant task, reward yourself in small proportions. A good place to start is rewarding yourself for meeting goals that are of reasonable size.
That’s right, we give you permission to purchase that bottle of wine.
4. MAKE REASONABLE TO-DO LISTS
Let’s face it, there’s nothing worse than busying yourself with a hundred jobs to do and never reaching the end. Make reasonable to-do lists, with your time limitations in mind, and feel the positivity that ticking off each completed task brings. Don’t worry if your list isn’t a mile long – shorter lists are actually better. Breaking large projects into smaller iterations shows clear progress and will motivate you as you move toward the final product. If you continually set yourself unreasonable goals, you will only slow yourself down, and the negative vibes of having an unfinished list can do serious damage to your self-confidence. Here are some more top tips on creating to-do lists.