Purchase Solution

Key Things Senior Management Must Do To Run A Business

Not what you're looking for?

Ask Custom Question

Can you discuss/comment on below post?

In order to effectively run the business, senior managers must first define and communicate the organization's strategy and goals. Without a clear direction, employees would not have a common purpose to work towards. A vision of the company's future must also be established, as senior management will determine the best strategy and tactics to obtain that objective. Senior management must also have a sound understanding of the business' operations. Without knowing what each department's roles is in the organization's operation, senior management cannot make effective decisions in improving efficiencies and effectiveness.

Purchase this Solution
Solution Summary

This solution provides an explanation of the key things senior management must do in order to effectively run a business.

Solution Preview

I think your comment is great. However, I think you need to address the value of employees. Senior management also plays a major role ...

Solution provided by:
Jackie K, MBA
Education
  • Masters Degree, Strayer University
  • Bachelors Degree, Armstrong Atlantic State University
Recent Feedback
  • "Thank you so much, I had a hard time trying to decide between team Leadership, and tranformational"
  • "Outstanding Response! Thank you."
  • "thank you so much for your help"
  • "I like your answers, very straight to the point."
  • "Thank you very helpful. If there are any references could you direct me to them?"
Purchase this Solution
Free BrainMass Quizzes
Learning Lean

This quiz will help you understand the basic concepts of Lean.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Lean your Process

This quiz will help you understand the basic concepts of Lean.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

View More Free Quizzes
Related BrainMass Solutions

  • Senior management and running a business

    389837 What are key things that senior management must do to effectively run a business? Can you comment on below? Discussion. What are the key things that senior management must do to effectively run the business?

  • Philosophy for my management team

    Key things that senior management must do to effectively run the business are: 1) Planning It involves laying down the targets and standards for the organization. 2) Organizing This involve allocation of resources. 3) Leadership It will include

  • Why Go Global?

    They don't understand that it requires a lot of management bandwidth and experience to do things right. 5.

  • Centralization vs. Decentralization

    In times of crisis, organization needs strong leadership and support from its senior managers and key people.

  • RiskMetrics Case Study

    He must also determine if the company will do an IPO within the next year. Another key challenge Berman faces is determining the organization's structure.

  • Risk in Business Decisions

    Write down the things to do if the event happens then train employees what to do in the even something unexpected happens. Example, if a robber comes and demands the cash in the cash register, what to do?

  • Mission Statement for Able Corporation

    It is now the general consensus of Able's senior management team that in order for the corporation to survive, Able must do whatever it can to capture greater share in the two growing segments of the power tool market, consumer channels and cordless products

  • Managing a human services organization

    So yes, human services organizations can utilise key management functions just as for profit organizations do. The difference though lie in the organizational design as well as the details of who, what, why and how things are and to be achieved.

  • Human Resource Management Issues

    In doing so, the identification to how senior management strives to creating a more balanced approach in managing others within the organization.

View More Related Solutions