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Flexible Schedule

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Judith Masumbu Business 101 Professor Martignetti March 6th, 2014

MANAGEMENT IN BUSINESS

Management is one the most important parts of running a successful business. It is defined as a process designed to achieve an organization's objectives, by using its resources effectively and efficiently in a changing environment (1). The management in Business is the activities associated with running a company, such as planning, organizing, staffing, directing and controlling (2). Furthermore, good managers need to make the right decisions and ensure the business is able to exploit any opportunities open to it. They protect business by anticipating and acting against any risks to its progress. The article is about Antonio Gracias, and how his strong management style has led him to invest in, and run many different successful franchises. He is the CEO of Valor Equity, a firm that invests in companies that are already established but need help in expanding its operations. Valor does this by bringing in their own trained experts to work with the management of the company they are investing in. For example, in their Little Caesar’s pizza restaurants, they have established a routine to make the job easier. By giving their employees a time schedule of how their day should go, it allows their franchise to be successful. They are able to meet their goals because, the schedules allow them to cut down on time, to be prepared, and to stay on track.

The topic relates to our course because we have learned how good organization is the most important part of running a successful business. When you go to borrow money in a bank, or when you have to present a business project to investors they are going to ask you for a business plan. They want to know what your business does, and how it does it. Good management will keep you focused and will help you to accomplish your goals.

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