Business management involves planning, organizing, and overseeing the operations of a company to ensure it runs smoothly and efficiently. It includes setting goals, making decisions, and coordinating resources like people, finances, and materials. Effective business management helps a company achieve its objectives and respond to changes in the market.
A key aspect of business management is leadership, where managers guide their teams and motivate employees to perform at their best. This can involve training, communication, and creating a positive work environment. By focusing on both strategy and people, business management plays a crucial role in the success of any organization, from small startups to large corporations.